Sir,
In a few months back we have purchased one number of excanvator through import under EPCG procedure and based on the aforesaid import among the full customs duty which duty we will eligible for refund. plese calrify along with if any circular.
K.RAJA (Tax Consultant) (217 Points)
13 December 2013Sir,
In a few months back we have purchased one number of excanvator through import under EPCG procedure and based on the aforesaid import among the full customs duty which duty we will eligible for refund. plese calrify along with if any circular.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 14 December 2013
as per PARA 5.1 of foreign trade policy
"Zero duty EPCG scheme allows import of capital goods (including CKD/SKD thereof as well as computer software systems) for pre-production, production and post-production at zero Customs duty, subject to an export obligation equivalent to 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue-date."
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