APPENDIX 26

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Arun Iyer

Arun Iyer (Querist)

01 July 2011 KIDLY EXPLAIN - APPENDIX 26

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

01 July 2011 this a certificate authenticate by cs/icwa/ ca in respect of issuance the EPCG licence.

for your kind information This scheme is quite beneficial to Manufacturer exporters as they can import their CG at a substantial discount. Especially for those manufacturers whose final product is not excisable (Agriculture sector) or is exempt from excise duty (like those in Uttaranchal) since they cannot take the CENVAT credit of the CVD paid on imports and Excise Duty paid in Domestic markets.

EPCG can be taken for the full projects where exports of goods or services can be envisaged by the use of the project or alternative products. This can be taken for Captive Power units also. EPCG can be taken along with Project Import scheme in case of new Projects.

also noted that:

Various service providers / exporters can take EPCG route to reduce their Capital Cost. Service Providers like Port Developers, Hotels, Hospitals, Tour Operators, Taxi Operators, Construction Companies, Logistics companies can utilize the scheme to import/procure from domestic market, their capital goods at a substantially reduced costs. The EO can be fulfilled by Forex Earnings through providing services, like that of Foreign Guests staying in the hotel, medical tourism etc.

appendix -26 format link is:-

https://exim.indiamart.com/doc06-07/appnd-26.doc

also read foreign trade policy 2009-2014

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