Iidigenous capital goods under epcg procedure

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sudheer (Querist)

10 July 2013 Dear Sir,
I want to purchse indigenous machinery under EPCG Scheeme. Sir could you tell me the procedures to apply the EPCG licence and after that what are the necessary steps we follwed and which documents I have to be submitted.

Arun Kumar Singh

Arun Kumar Singh (Expert)

10 July 2013 You can not purchase the capital goods under EPCG scheme from Indian market. EPCG scheme allows import of capital goods for pre production, production and post production at 3% Customs Duty, subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 8 years reckoned from Authorisation issue-date. In case of agro units, and units in cottage or tiny sector,import of capital goods at 3% Customs duty shall be allowed subject to fulfillment of export obligation equivalent to 6 times of duty saved on capital goods imported, in 12 years from Authorisation issue- date.

sudheer

sudheer (Querist)

10 July 2013 Dear Sir, already some people purchased machinary under EPCG. THIS CAN BE FIND IN DGFT PUBLIC NOTICE.01/(RE2013)/2009-14. CHAPTER-5 FROM 5.5 PARA

sudheer

sudheer (Querist)

10 July 2013 Dear Sir, already some people purchased machinary under EPCG. THIS CAN BE FIND IN DGFT PUBLIC NOTICE.01/(RE2013)/2009-14. CHAPTER-5 FROM 5.5 PARA

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