We are manufacturing company. We are going to purchase forklift for our company. i need to know if we purchase the forklift than what will be the output product.
Because we will use this in our plant & warehouse. how we will close this in DGFT.
We are manufacturing company. We are going to purchase forklift for our company. i need to know if we purchase the forklift than what will be the output product.
Because we will use this in our plant & warehouse. how we will close this in DGFT.
u can import it through the chapter-3, chapter-4 Licence Issued BY dgft.
| Originally posted by : RAMESH KUMAR VERMA | ||
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u can import it through the chapter-3, chapter-4 Licence Issued BY dgft. |
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we will import under EPCG, but as the final product is not any export goods but it will use in our factory warehouse my query is how we will get EODC from DGFT as we have no export goods under this licence.
ARE U SERVICE PROVIDER???????????
no , we are manufacturing company.
in case of failure to fulfill export obligation or any other condition of authorization , authorization holder shall be liable for action under FT(D&R) Act,1992, orders and rules made thereunder, provision of FTP and customs Act,1962.
Regards,
my question is what i need to show in export output if i import a forklift under EPCG, because we will use this forklift in our factory warehouse and we are manufactureer exporter
First of all there are issues in getting the Forklift EPCG license since it is of dual nature. To assure the same you need to approach the DGFT HQ and take the valid permission since reginal offices may give you the licnese but onus will be totally on the co. to prove the same .
Further if you get it, then you can show your general export product .
For futher clrification you may write to me at alokbeswal @ gmail.com
actually i understood you are Service Provider, in this case u can not avail the benefit.
Regards,
format is:
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APPENDIX 28
PROFORMA FOR SEEKING CLARIFICATIONS ON FOREIGN TRADE POLICY
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1. |
Name and address of the applicant seeking clarification.
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2. |
IEC code number |
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3. |
Brief subject of clarification
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4. |
Source (whichever is applicable)
a) Foreign Trade Policy: paragraph(s) b) Handbook (Vol.1): paragraph(s) c) ITC(HS)-Import
d) ITC(HS)-Export
e) Others
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:
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ITC Code: .......................................... Product : ............................................ ITC Code: .......................................... Product : ............................................ ........................................... |
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5. |
Current provision |
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6. |
Clarification sought |
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............................................................................................................................ |
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Signature of the Applicant
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...................................................... |
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Name
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...................................................... |
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Designation
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Official Address |
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Place: …………………
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Tel. No. |
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Date: ………………… |
E-mail Address |
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......................................................
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regards,
Import of Forklift may be allowed to Import under EPCG,if the forklife is used conly within the Factory premises and prove that the forklift is required for loading and unloading of final products and Raw materials.If proved and allowd manufacturer should export their final products for fulfilling the Export Obligation.
Import of Forklift may be allowed to Import under EPCG,if the forklife is used conly within the Factory premises and prove that the forklift is required for loading and unloading of final products and Raw materials.If proved and allowd manufacturer should export their final products for fulfilling the Export Obligation.
If your regional licencing authority of DGFT refused to issue the EPCG Licence the case may be referred to the EPCG Committee.
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