Applicability of Zero Duty EPCG Scheme
This query is : Resolved
04 June 2010
Please advise about the applicability of Zero % Duty EPCG Scheme.
Which sectors can avail exemption under this scheme.
Which sectors can avail exemption under this scheme.
RAMESH KUMAR VERMA
(Expert)
05 June 2010
DEAR MADAM,
ZERO DUTY EPCG SCHEME ALLOWS IMPORT OF CAPITAL GOODS FOR
PRE PRODUCTION, PRODUCTION AND POST PRODUCTION (INCLUDING
CKD/SKD THEREOF AS WELL AS COMPUTER SOFTWARE SYSTEMS)
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.
THE SCHEME WILL BE AVAILABLE FOR EXPORTERS OF ENGINEERING
& ELECTRONIC PRODUCTS, BASIC CHEMICALS & PHARMACEUTICALS,
APPARELS & TEXTILES, PLASTICS, HANDICRAFTS, CHEMICALS &
ALLIED PRODUCTS AND LEATHER & LEATHER PRODUCTS; SUBJECT TO
EXCLUSIONS AS PROVIDED IN HBPV1.
ZERO DUTY EPCG SCHEME ALLOWS IMPORT OF CAPITAL GOODS FOR
PRE PRODUCTION, PRODUCTION AND POST PRODUCTION (INCLUDING
CKD/SKD THEREOF AS WELL AS COMPUTER SOFTWARE SYSTEMS)
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.
THE SCHEME WILL BE AVAILABLE FOR EXPORTERS OF ENGINEERING
& ELECTRONIC PRODUCTS, BASIC CHEMICALS & PHARMACEUTICALS,
APPARELS & TEXTILES, PLASTICS, HANDICRAFTS, CHEMICALS &
ALLIED PRODUCTS AND LEATHER & LEATHER PRODUCTS; SUBJECT TO
EXCLUSIONS AS PROVIDED IN HBPV1.
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