Drug manufacturing licence not to be insisted for the issuance of EPCG Authorizations

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..... ission of Drug Manufacturing Licence at the time of issue of EPCG authorization to pharmaceutical units based on which grant of EPCG authorization has been allowed subject to furnishing 100% Bank Guarantee in lieu of Drug Manufacturing Licence. 2. The matter has been examined afresh and it has been decided to delete the condition of mandatory submission of Drug Manufacturing Licence as contained .....

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..... may be, will be forfeited/invoked and the firm would be liable to pay Customs Duty saved amount together with applicable interest thereon from the date of first import till the date of final payment". 4. All Regional Authorities are hereby informed that Drug Manufacturing Licence/Bank Guarantee in lieu of Drug Manufacturing Licence may not be insisted upon at the time of issuance of EPCG Authori .....

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