Export promotion scheme EPCG needs proper monitoring: CAG

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The story "Export promotion scheme EPCG needs proper monitoring: CAG" was covered 8 hours ago by Economic Times, a news publisher based in India.

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Export promotion scheme EPCG needs proper monitoring: CAG - Economic Times

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The report also said the import of capital goods from ports other than the registered port without adhering to the prescribed procedure involves the risk of importing the goods from multiple ports using the same authorisation that have revenue implications and has the risk of misuse of the bonds.

The customs and regional authorities should monitor such cases scrupulously and invoke penal action for non-compliance, CAG said in a statement.

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