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EXPORT PROMOTION CAPITAL GOODS (EPCG) SCHEME UNDER NEW FOREIGN TRADE POLICY

Customs - Import - Export - SEZ - By: - Mr. M. GOVINDARAJAN - Dated:- 11-9-2015 Last Replied Date:- 14-9-2015 - Chapter 5 of the Foreign Trade Policy 2015-2020 deals with the EPCG scheme. The objective of this scheme is to facilitate import of capital goods for producing quality goods and services to enhance India s export competitiveness. Capital goods The following are the capital goods for the purpose of this scheme: Capital goods as defined in Chapter 9 including in CKD/SKD condition thereof .....

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pital goods may be for use in manufacturing, mining, agriculture, animal husbandry, floriculture, horticulture, pisciculture, poultry, sericulture and viticulture as well as for use in services sector; Computer software systems; Spaces, moulds, dies, jigs, fixtures, tools & refractories for initial lining and spare refractories; and Catalysts for initial charge plus one subsequent charge. EPCG Scheme This scheme allows import of capital goods for pre production, production and post productio .....

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project imports notified by Central Board of Excise and Customs is also permitted; Import shall be subject to an export obligation equivalent to 6 times of duty and on capital goods, to be fulfilled in 6 years reckoned from the date of issue of Authorization; Authorization shall be valid for import for 18 months from the date of issue of authorization; Revalidation of authorization shall not be permitted; In case of countervailing duty is paid in cash on imports under EPCG, incidence of CVD wou .....

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import shall be permitted under this scheme only after approval from Exim Facilitation Committee at DGFT headquarters; If the goods proposed to be export under this scheme are restricted for export, the authorization shall be issued only after approval for issuance of export authorization from Exim Facilitation Committee. Coverage of the scheme The scheme covers the manufacturer exporters with or without supporting manufacturer(s), merchant exporters tied to supporting manufacturer(s) and servic .....

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mon Service Provider(CSP) by the DGFT, Department of Commerce or State Industrial Infrastructural Corporation of a Town of Export Excellence subject to the following conditions: Export by users of the common service, to be counted towards fulfillment of export obligation of the CSP shall contain EPCG authorization details of the CSP in the respective shipping bills and concerned Regional Authority must be informed about the details of the Users prior to such export; Such export will not count to .....

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EO shall be fulfilled by the authorization holder through export of goods manufactured him or his supporting manufacturers/services rendered by him, for which authorization has been granted; It shall be over and above the average level of exports achieved by the applicant in the preceding three licensing years for the same and similar products within the overall EO period including extended period, if any, except for categories mentioned in para 5.13 (a) of Hand book of procedures. Such average .....

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illed by the supply of ITA-1 items to DTA provided realization is in free foreign exchange; Royalty payments received in freely convertible currency and foreign exchange received for R&D services shall also be counted for discharge; Payment received in rupee terms for such services notified in Appendix 3E shall also be counted towards discharge of export obligation. Calculation of EO Export obligation shall be reckoned with reference to actual duty saved amount in case of direct imports. It .....

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r early EO fulfillment has been availed. Reduced EO For the exports of the Green Technology products, EO shall be 75% of EO as stipulated. There shall be no change in average EO imposed, if any. The list of Green Technology Products is given in Para 5.29 of HBP. For the units located in Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura and J&K, specific EO shall be 25% of the EO as stipulated. There shall be no change in average EO imposed. Units under BIFR/Reh .....

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