Epcg sales

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G S N BHUSHANAM (Querist)

08 September 2013 We are Manufacturers & our stockiest is Registered with ED dept. Now' One of our Pharma Company asking for EPCG Billing. How Can we execute the order & what is the procedure. please give Me the details' Advance thanks to everybody.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

09 September 2013 EPCG is a special type of incentive given to the EPCG license holder. Capital goods imported under EPCG Scheme are subject to actual user condition and the same cannot be transferred /sold till the fulfillment of export obligation specified in the license. In order to ensure that the capital goods imported under EPCG Scheme, the license holder is required to produce certificate from the jurisdictional Central Excise Authority (CEA) or Chartered Engineer (CE) confirming installation of such capital goods in the declared premises. Under Export Promotion Capital Goods (EPCG) scheme, a license holder can import capital goods such as plant, machinery, equipment, components and spare parts of the machinery at concessional rate of customs duty of 5% and without CVD and special duty.

MORE INFO:

https://www.ittaindia.org/control/include/government_pdffile/8638-EPCG%20Scheme.pdf

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