TMI BlogNil rate of Customs duty and Nil rate of additional duty for Components required for the manufacture of capital goods when imported by a manufacturer of capital goods for supply to a person holding Zero duty EPCG LicenceX X X X Extracts X X X X X X X X Extracts X X X X ..... ment, being satisfied that it is necessary in the public interest so to do, hereby exempts components required for the manufacture of capital goods when imported into India by a manufacturer of such capital goods for supply to a person holding a licence under the Export Promotion Capital Goods ( E.P.C.G.) Scheme in terms of the Export and Import Policy for import of capital goods at zero rate of duty in terms of notification of the Government of India in the Ministry of Finance, No. 111/95-Customs, dated the 5th June, 1995 from whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and the whole of the additional duty leviable thereon 2 [ under sub-sections ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nufacture of any other capital goods in his factory and evidence of receipt of such compnents in the factory and its utilisation for the aforesaid purpose shall be produced to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs at the port of importation in lieu of certificate envisaged in clause (3) hereunder; (2) the account of the said components received and consumed in the factory of the importer for the aforesaid purpose shall be maintained; (3) the importer shall produce a certificate issued by the Assistant Commissioner or Deputy Commissioner of Customs 3 [***] in whose jurisdiction the unit receiving the capital goods is situated, indicating the description and quantity of such capital ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ide notification of the Government of India in the Ministry of Commerce, No.1 (RE 95) 92-97 dated the 31st March, 1995; (3) Licensing Authority means the Director General, Foreign Trade appointed under section 6 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or an officer authorised by him to grant a licence under the said Act. --------------------------------------------- Notes:- [Notfn. No. 130/95-Cus. dt. 25.8.1995 as amended by Notfn. No. 163/95]. 1. Inserted vide Notification No. 46/2013-Customs dated September 26, 2013. 2. Substituted vide Not. 26/2017 - Dated 29-6-2017 , 1st day of July, 2017 , before it was read as. under section 3 3. Subs ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
