Epcg scheme

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Mandeep Kumar (Querist)

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 ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

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

Mandeep Kumar

Mandeep Kumar (Querist)

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 ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

15 February 2012 in this regards, please noted duty will be applicable i do not what item imported by you.

PROVIDE ITC CODE...

Mandeep Kumar

Mandeep Kumar (Querist)

15 February 2012 5205
1.e. capital goods (plant & machinery, spares) under a textile company

Mandeep Kumar

Mandeep Kumar (Querist)

15 February 2012 5205
1.e. capital goods (plant & machinery, spares) under a textile company

Mandeep Kumar

Mandeep Kumar (Querist)

15 February 2012 5205
1.e. capital goods (plant & machinery, spares) under a textile company

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

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%

Mandeep Kumar

Mandeep Kumar (Querist)

15 February 2012 please provide the email address and contact no. so that i could also communicate with u by telephonically

Mandeep Kumar

Mandeep Kumar (Querist)

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 ?

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