EPCG License
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2011
Hi,
Can anyone help me out with this:
"when can one apply for EPCG licence and whats the procedure????"
Can anyone help me out with this:
"when can one apply for EPCG licence and whats the procedure????"
11 March 2011
EXPORT PROMOTION CAPITAL GOODS
The scheme allows import of capital goods for pre production, production and post production (including CKD/SKD thereof as well as computer software systems) at 5% Customs duty subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme to be fulfilled over a period of 8 years reckoned from the date of issuance of licence. Capital goods would be allowed at 0% duty for exports of agricultural products and their value added variants.
However, in respect of EPCG licences with a duty saved of Rs.100 crore or more, the same export obligation shall be required to be fulfilled over a period of 12 years.
In case CVD is paid in cash on imports under EPCG, the incidence of CVD would not be taken for computation of net duty saved provided the same is not Cenvated .
The capital goods shall include spares (including refurbished/ reconditioned spares) , tools, jigs, fixtures, dies and moulds. EPCG licence may also be issued for import of components of such capital goods required for assembly or manufacturer of capital goods by the licence holder.
Second hand capital goods without any restriction on age may also be imported under the EPCG scheme.
Please noted that EPCG scheme covers manufacturer exporters with or without supporting manufacturer(s)/ vendor(s), merchant exporters tied to supporting manufacturer(s) and service providers.
before application filed we mandatory registered ANY EXPORT PROMOTION COUNCIL/OR REGISTERED IN JILA UDYOG KENDRA (IEM) except it IEC CODE AND DIGITAL KEY IS MANDATORY FOR ACQUIRE IT THROUGH ONLINE APPLICATION.
for more info:-
read ftp 2010-11 and HBP VOL-1
The scheme allows import of capital goods for pre production, production and post production (including CKD/SKD thereof as well as computer software systems) at 5% Customs duty subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme to be fulfilled over a period of 8 years reckoned from the date of issuance of licence. Capital goods would be allowed at 0% duty for exports of agricultural products and their value added variants.
However, in respect of EPCG licences with a duty saved of Rs.100 crore or more, the same export obligation shall be required to be fulfilled over a period of 12 years.
In case CVD is paid in cash on imports under EPCG, the incidence of CVD would not be taken for computation of net duty saved provided the same is not Cenvated .
The capital goods shall include spares (including refurbished/ reconditioned spares) , tools, jigs, fixtures, dies and moulds. EPCG licence may also be issued for import of components of such capital goods required for assembly or manufacturer of capital goods by the licence holder.
Second hand capital goods without any restriction on age may also be imported under the EPCG scheme.
Please noted that EPCG scheme covers manufacturer exporters with or without supporting manufacturer(s)/ vendor(s), merchant exporters tied to supporting manufacturer(s) and service providers.
before application filed we mandatory registered ANY EXPORT PROMOTION COUNCIL/OR REGISTERED IN JILA UDYOG KENDRA (IEM) except it IEC CODE AND DIGITAL KEY IS MANDATORY FOR ACQUIRE IT THROUGH ONLINE APPLICATION.
for more info:-
read ftp 2010-11 and HBP VOL-1
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