I (Meaning and importance of Exports) Unit Structure

30) EPCG 
– 
EPCG stands for Export Promotion Capital Goods Scheme. 
Under this scheme the import of capital goods at 5% customs duty 
is allowed subject to an export obligation. 
31) EPZ 
– 
EPZ stands for Export Processing Zones. A free trade zone 
is an area near a sea / air port where firms can import goods duty 

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free if they are to be re-exported or used in the manufacture of 
goods for export. 
32) Export marketing 
– 
Export marketing includes the management of marketing 
activities for product which cross the national boundaries of a 
country. 
 
 
33) Export or Perish-- 
“Export or Perish” this slogan was coined by Late Mr. J 
Nehru in early 1960s. this slogan places lot of emphasis on export 
earnings. This slogan states that if a nation increases its exports, it 
will prosper, or otherwise it will perish or face economic crisis. In 
order to over come foreign exchange crisis, Mr. Nehru coined the 
slogan 
“Export or Perish”. 
34) Export obligation 
– 
Export obligation means the obligation to export compulsorily 
by a certain firm which has undertaken certain imports under 
concessions in import duty.
35) Export Promotion 
– 
It refers to export marketing efforts undertaken to promote 
the sale of goods and services in overseas markets. 
36) Export Under Bond 
– 
Export under bond is a system of excise clearance. Under 
this system exporter can remove goods for export from his factory 
or warehouse, without the payment of excise duty. However he has 
to submit a bond supported by a bank guarantee, in favour of the 
excise authorities for a sum equivalent to the amount of excise 
chargeable on such goods.