Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Machine procured under epcg

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... we are registered with central excise and procured a machine under epcg scheme please let me know whether we required a installation certificate from excise department also as we have already taken a installation certificate from chartered enginners - Reply By sri srivathsan - The Reply = certificate from department is neccessory only when the cerification from engineer Reference FTP HPVol1 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - Reply By sri srivathsan - The Reply = certification from department is neccary only when you are not able to get from Engineer - Reply By Mangesh Lokre - The Reply = Mr Razesh Sharma, You have take the Installation Certificate from the Jurisdisctional AC/DC within Six Months from the date of installation. You may refer the Circular No.14 /2008-Cus dated 26-09-2008. Charter Enginee .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r Certificate is required in case where the assessee is not registered with Excise or for the Spares imported under EPCG. - Reply By sri srivathsan - The Reply = As per para 5.3 of FTP HPVol1 and 5.31 Instaliation certifiction needs to be got witnin six months from the completion of import .its not necessary the cerifiction should be got fom AC/DC . in case of capital goods its 5 years - Reply .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... By Mangesh Lokre - The Reply = Dear Mr Sri Srivathsan Merely the relevant Para from FTP is not sufficient. These FTP/Customs/Excise are three different governing bodies under DoR.Any Change in FTP should be accompanied by the Customs/Excise Notification. Please go through the Customs Notification No Notification No. 102/2009-Customs dated the 11.9.2009 para 10, where it is clearly mention .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... that " ................that the capital goods imported, assembled or manufactured are installed in the importer's factory or premises and a certificate from the jurisdictional Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, is produced confirming installation and use of capital goods in the importer's factory or premises, within six months .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... from the date of completion of imports or within such extended period as the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, may allow :................." So it is clear that one has to provide the Installation Certificate issued by the Central Excise ( Notification No. 102/2009-Customs dated the 11.9.2009 para 10 ) within the stipulated time. As p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... er the Customs Circular No 14 /2008-Cus dated 26-09-2008, if the Excise Department fails to produce the Installation Certificate within 30 Day from the date of application, then it is deemed to assume that Capital goods are installed. - Machine procured under epcg - Query Started By: - Razesh Sharma Dated:- 12-11-2010 Central Excise - Got 5 Replies - Central Excise - Discussion .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates