CIR. NO. 11/2003, DT. 10/07/2003
- Document type
- Circular
- Reference no.
- G
- Dated
Issuance of EPCG Licences for units which have not commenced manufacturing but have an RCMC as a merchant exporter and a provisional registration
Issuance of EPCG Licences for units which have not commenced manufacturing but have an RCMC as a merchant exporter and a provisional registration
Keeping in view this peculiar problem, the matter was deliberated upon in this office and it has been decided that wherever firms want to avail of an EPCG licence to start production, the Regional Licencing Authorities may consider the unit as a manufacturer exporter if the unit furnishes the RCMC as a merchant exporter along with the provisional registration number (whether SSI or any other). However, in such cases the EPCG licences may be issued with 100% BG condition so as to safeguard against any eventuality of the units not commencing production. This 100% BG condition applies notwithstanding the provisions of Para 4.6 of the Handbook of Procedures ( Vol 1)
This issues with the approval of the Director General of Foreign Trade
Anil Aggarwal
Deputy DGFT