Non-utilisation of zero duty epcg licence
This query is : Resolved
Kushal Biswas
(Querist)
29 November 2013
Our company had imported second hand equipments under Zero Duty EPCG scheme for setting up a plant. Subsequently, the plan to set up of the plant was shelved & the equipments were not installed. Now, we want to surrender the EPCG licence.
Kindly inform whether the same can be done and if so what is the procedure for doing so & the underlying costs for surrendering the licence.
Kindly inform whether the same can be done and if so what is the procedure for doing so & the underlying costs for surrendering the licence.
RAMESH KUMAR VERMA
(Expert)
07 December 2013
if you had got the EPCG licence and could not Import and registeration in CUSTOM so far immediately submitted in concerned REGIONAL LICENCING AUTHORITY & avoid submitting custom duty alongwith interest Noted also that do not violation of FTDR act.
must read:
https://www.caclubindia.com/experts/procedure-for-surrender-of-export-obligation-under-epcg-sche-1246164.asp#.UqKl5Ccv3WA
Regards
must read:
https://www.caclubindia.com/experts/procedure-for-surrender-of-export-obligation-under-epcg-sche-1246164.asp#.UqKl5Ccv3WA
Regards
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
