New Delhi, Sept. 29 -- The Public Accounts Committee (PAC) of Parliament is set to convene on Monday to deliberate on issues related to export promotion in India.

The agenda of the meeting includes a briefing by the Comptroller and Auditor General (C&AG) followed by the oral evidence of representatives from the Ministry of Finance (Department of Revenue) and the Ministry of Commerce and Industry. Discussions will focus on the performance audit of the Export Promotion Capital Goods (EPCG) Scheme, as highlighted in C&AG Report No. 17 of 2024.

The EPCG Scheme is an Indian government initiative that allows exporters to import capital goods (machinery, equipment, etc.) at zero customs duty for pre-production, production, and post-production ...