POLICY CIR NO. 54/2010, DT. 23/02/2012
- Document type
- Circular
- Reference no.
- N
- Dated
Import of spares for the existing machinery procured indigenously under EPCG Scheme
Import of spares for the existing machinery procured indigenously under EPCG Scheme
2. The matter has since been examined. Para 5.2A of Foreign Trade Policy stipulates two options for import of spares for imported Capital Goods
i. Capital Goods have been earlier imported under EPCG; Spares for these Capitals Goods are allowed under EPCG Scheme.
ii. Capital Goods have been imported (though EPCG Scheme was not availed for such imports); Spares for these are allowed under EPCG Scheme.
Accordingly, it is clarified that for all types of imported Capital Goods, import of Spares under EPCG Schemes is allowed.
3. Under Para 8.2 (c) of Foreign Trade Policy, Capital Goods can be procured indigenously upon invalidating an EPCG Authorization. However, domestically procured Capital Goods cannot be treated as imported Capital Goods and hence the facility of Para 5.2A of Foreign Trade Policy cannot be allowed for such Capital Goods sourced domestically after invalidating EPCG Authorization.
4. This issues with the approval of Director General of Foreign Trade.
Sd./-
(Rita Mahna)
Deputy Director General of Foreign Trade
Tel. No. +91 11 2306 1562 / Ext. 288
E-mail: r.mahna@nic.in