Supply of materials against epcg licence

Save Share

This query is : Resolved

hari (Querist)
Follow

03 November 2011 We have supplied some materials to a EPCG Licence holder against INVALIDATION LETTER ON NIL RATE OF EXCISE DUTY. WE HAVE PREPARED ARE-1 FOR THE SUPPLY. I WANT TO KNOW THE PROCEDURE FOR SUPPLYING SUCH MATERIALS. WHETHER OUR LUT NO SHOULD BE MENTIONED IN OUR ARE-1. WHAT IS THE CENTRAL EXCISE NOTIFICATION EXEMPTING THE SAME. PLEASE ADVISE. THANKS IN ADVANCE.
HARI

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

04 November 2011 No mandatory but if you would like to mentioned it can do.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

04 November 2011 please noted also that:

The EPCG licence holder intending to source capital goods indigenously, shall make a request to the licensing authority for invalidation of the EPCG licence for direct import. The EPCG licence holder shall also give the name and address of the person from whom he intends to source the capital goods.
On receipt of such request, either at the time of issuance of licence or subsequently, the licensing authority shall make the licence invalid for direct import and issue an invalidation letter, in duplicate, to the EPCG licence holder. The licensing authority shall simultaneously grant permission to the EPCG licence holder to procure the capital goods indigenously in lieu of direct import.
The indigenous manufacturer intending to supply capital goods to the EPCG licence holder, may apply to the licensing authority in the form given in Appendix-10B alongwith the documents prescribed therein for import of components required for the manufacture of such capital goods. The indigenous manufacturer may alternatively apply for Advance Licence for deemed export in terms of paragraph 6.9 of the Policy for import of such inputs as required for the manufacture of capital goods for supply to the EPCG licence holder .

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now