Machinery purchased under epcg scheme at 3% duty
This query is : Resolved
08 June 2012
Dear All,
When a Machinery purchased under EPCG Scheme can we transfer it to our group companies. Is there any provision to do the same.
Please clarify.
Thanks & Regards,
N.Nagarajan
Mobile No: 9751750588
When a Machinery purchased under EPCG Scheme can we transfer it to our group companies. Is there any provision to do the same.
Please clarify.
Thanks & Regards,
N.Nagarajan
Mobile No: 9751750588
08 June 2012
Refer to para 5.7.6 (c) Of handbook of procedures vol-1 (2009-2014) Goods exception tools imported under EPCG scheme by such sectors, shall not be allowed to be transferred for a period of 5 year from date of imports even in cases where export obligation has been fulfilled . However, Transfer of capital goods to Group companies, within 5 year from the Date of import would be permitted after fulfillment of E.O., under intimation to RA & Jurisidictional central excise Authority.
Regards,
Regards,
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- 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
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
