EPCG SCHEME -RIGHT OF BANKER

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..... WE HAVE IMPORTED SOME MACHINERY UNDER EPCG SCHEME, BUT COULD NOT COMPLY WITH EXPORT OBLIGATION. NOW OUR BANKER WOULD LIKE TO SELL THOSE MACHINERY TO RECOVER OUR DUES. WE ALSO WANT TO COME OUT OF THE L .....

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..... IABILITIES. WHETHER THE PURCHASER OF MACHINERY IS LIABLE TO PAY THE CUSTOM DUTY? PLEASE REPLY. (BANK IS SELLING IT UNDER SARFEASI ACT.) - Reply By pradeep khatri - The Reply = Dear Satish, I have s .....

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..... ubmitted reply to your query. Further, please check that in this scenario who would have the first charge on the Machine which had been imported under EPCG Scheme. Also discuss this issue with your C .....

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..... entral Excise Superintendent, Customs Department, your counsel and with the concerned DGFT. Best Regards, Pradeeep Khatri - Reply By r.rajkumar kumar - The Reply = yes have to pay the custom .....

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..... s plus other duty with interest. . - EPCG SCHEME -RIGHT OF BANKER - Query Started By: - SATISH SHETTY Dated:- 30-8-2011 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discuss .....

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

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