TMI BlogEPCG/Duty Exemption Schemes --- exemption notifications explainedX X X X Extracts X X X X X X X X Extracts X X X X ..... April, 2000, 49/2000, 50/2000 and 51/2000 all dated 27 th April, 2000 and 52/2000 dated 28.4.2000. Salient features of these schemes are as follows. 5% Duty EPCG Schemes Under this Scheme import of capital goods is allowed at 5% Basic Customs Duty subject to the Licence holder undertaking to export resultant product equal to 5 times the CIF value of the imported goods on FOB basis in 8 years time. Block-wise fulfilment of export obligation for each of the 4 blocks of 2 years remains same as in the case of Zero Duty EPCG Scheme (Vide Notification No. 29/97). Additional duty of Customs (CVD) is fully exempted. The Scheme is applicable to manufacture exporters as well as service providers. However, DGFT would i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... providers have been granted 50% BG exemption under 15% Duty EPCG Scheme. It is clarified that the same provision specified in paras 3.1 (a), (c) (d) shall be applicable for 10% and 5% duty EPCG Schemes. In other words, a status holder would enjoy full BG exemption under 5% duty EPCG Scheme. The other provisions of BG exemption specified in DOR Circular No. 38/97-Cus. Dated 19.9.97 (corporate guarantee) 71/98-Cus. Dated 15.9.98 (manufacturer exporter0 shall also be applicable. Duty Exemption Scheme Advance Licence for Physical Exports This Scheme is similar to actual user Advance Licence Scheme vide Customs Notification No. 30/97. Customs Notification No. 51/2000 dated 27.4.2000 refers. Good ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s in bonafide cases. This Circular rescinds Board’s Circular No. 58/99-Cus dated 30.8.99. Renaming of Annual Advance Licence Scheme On account of change of name of Annual Advance Licence Scheme to (Advance Licence for annual Requirement), amendment Notification No. 47/2000-Cus. Dated 25.4.2000 has been issued. 2. Copies of Custom Notifications and Circular are being sent separately: 3. Standing Orders/Departmental orders for the information and guidance of the field staff and trade/public notices for the trade may be issued and copies of the same may be forwarded to the Joint Secretary (Drawback). - Circular - Trade Notice - Public Notice - Instructions - Office orders Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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