Epcg scheme

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vivek jain

vivek jain (Querist)

27 December 2014 WHETHER WE CAN GIVE CAPITAL GOODS PURCHASED UNDER EPCG SCHEME ON RENT.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

29 December 2014 As per the Foreign Trade Policy 2009-14 amended later time to time in annual supplements, the EPCG Authorization holder is permitted to import capital goods at 0% or 3% Customs duty. Under the 0% duty EPCG Authorization holder is required to undertake export obligation equivalent to 6 times of the duty saved amount on the capital goods imported within a period of 6 years reckoned from the date of issue of Authorization. Under the 3% duty EPCG scheme, the Authorization holder has to fulfill EO equivalent to 8 times of the duty saved amount on the capital goods imported in 8 years.

you can not give the capital goods on rent .

you are advised to approach in your regional Licencing authority write a request letter in this matter.

Regards,

ramesh kumar

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