Epcg scheme
This query is : Resolved
11 February 2012
what is the procedure under epcg scheme when we purchase capital goods from indigenous supplier.
what is notional custom duty and how is calculate on for value of capital goods under epcg scheme ?
what is the rate of custom duty on capital goods at present and how much duty we can save under epcg scheme ?
what is notional custom duty and how is calculate on for value of capital goods under epcg scheme ?
what is the rate of custom duty on capital goods at present and how much duty we can save under epcg scheme ?
11 February 2012
an EOU/ SEZ unit may apply for an EPCG licence in terms of paragraph 6.20(d) of the Policy. Such application shall be made in the form given in Appendix-9 alongwith the documents prescribed therein. In addition, the applicant shall also furnish a copy of the `No Objection Certificate’ from the Development Commissioner showing the details of the capital goods imported/indigenously procured by the applicant, its value at the time of import/sourcing and the depreciated value for the purpose of assessment of duty under the scheme.
Such cases shall not be required to be forwarded to Headquarters EPCG Committee. The concerned licensing authority shall issue EPCG licences based on the "No Objection Certificate" produced from the concerned Development Commissioner.
more info:https://164.100.9.245/exim/2000/procedures/bchap-5.htm
https://customsmangalore.gov.in/faq/faq-schemes.htm
https://www.caclubindia.com/experts/epcg-licence-358240.asp
Such cases shall not be required to be forwarded to Headquarters EPCG Committee. The concerned licensing authority shall issue EPCG licences based on the "No Objection Certificate" produced from the concerned Development Commissioner.
more info:https://164.100.9.245/exim/2000/procedures/bchap-5.htm
https://customsmangalore.gov.in/faq/faq-schemes.htm
https://www.caclubindia.com/experts/epcg-licence-358240.asp
15 February 2012
thanks for this answer
plese also tell me what is the total rate of custom duty on capital goods at present with the detail and if we take benefit of 3% concessional epcg scheme then the net duty saved under this scheme will be ?
plese also tell me what is the total rate of custom duty on capital goods at present with the detail and if we take benefit of 3% concessional epcg scheme then the net duty saved under this scheme will be ?
15 February 2012
in this regards, please noted duty will be applicable i do not what item imported by you.
PROVIDE ITC CODE...
PROVIDE ITC CODE...
15 February 2012
5205
1.e. capital goods (plant & machinery, spares) under a textile company
1.e. capital goods (plant & machinery, spares) under a textile company
15 February 2012
5205
1.e. capital goods (plant & machinery, spares) under a textile company
1.e. capital goods (plant & machinery, spares) under a textile company
15 February 2012
5205
1.e. capital goods (plant & machinery, spares) under a textile company
1.e. capital goods (plant & machinery, spares) under a textile company
15 February 2012
duty is :
https://www.cybex.in/indian-custom-duty/Grey-Duty-Calculator-52051110.aspx
after 3% epcg duty will be:
18.17%
https://www.cybex.in/indian-custom-duty/Grey-Duty-Calculator-52051110.aspx
after 3% epcg duty will be:
18.17%
15 February 2012
please provide the email address and contact no. so that i could also communicate with u by telephonically
16 February 2012
For availing the benefit of Epcg scheme should we apply to DGFT for this scheme before the purchase of capital goods (whether indigenous capital goods or imported capital goods)?
and in which form we should make an application to dgft regarding epcg scheme ?
and in which form we should make an application to dgft regarding epcg scheme ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
