HB Vol.1 amended - EPCG Scheme - DES - Appendix 32

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... G scheme/Hqrs. EPCG Committee/Special Licensing Committee/Export licensing Committee/High Powered licensing Committee, the original copy of the application alongwith prescribed fee shall be filed with regional licensing authorities concerned and an attested copy of the same shall be filed with the above Committees'. 2. The last sentence of paragraph 6.14 shall be amended to read as under: "In cases, where CIF value actually utilised is more than the CIF value covered by the licence, the licence holder shall furnish additional fee to cover the excess CIF value of imports subsequently" 3. The following shall be added at the end of paragraph 6.14: " If the actual utilisation of the EPCG licence is below 90% of the threshold limit of the ze .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng realisation of export proceeds. 8. The first sentence of sub paragraph under paragraph 7.38 shall be amended to read as under: "The DEPB shall be initially issued with non transferable endorsement in cases where realisation has not taken place to enable the exporter to effect imports for his own use. However, upon receipt of realisation, the DEPB shall be endorsed transferable. In cases where the applicant applies for DEPB after realisation, the DEPB shall be issued with transferable endorsement". 9. The following shall be added at the end of paragraph 15.4: "Provided, however, the licensing authority issuing the IEC code may, for sufficient reasons to be recorded in writing, condone the delay on payment of a penalty of Rs. 5000/ -". .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... upto 10 Crore Above Rs. 10 Crore but DGFT upto Rs. 20 Crore Above Rs. 20 Crore Commerce Secretary ------------------------------------------------------------------------------------ A copy of the application shall be sent to the concerned nodal / designated officer of the Deptt. of Electronics and upon the receipt of the recommendation, the licenses shall be issued without putting the same to the EPCG Committee'. 16. The following shall be added in column 4 after S.No. (v) against the jurisdiction of Jt.DGFT,CLA as given in S.No. 2 of column 2. (vi). Saharanpur. Consequently, the dist .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X