5.11
- Document type
- Policy
- Reference no.
- O
- Dated
Post Export EPCG Duty Credit Scrip(s)
5.11
Post Export EPCG Duty Credit Scrip(s)
(a) Post Export EPCG Duty Credit Scrip (s) shall be available to exporters who intend to import capital goods on full payment of applicable duties in cash and choose to opt for this scheme.
(b) Basic Customs duty paid on Capital Goods shall be remitted in the form of freely transferable duty credit scrip(s), similar to those issued under Chapter 3 of FTP.
(c) Specific EO under this Scheme shall be 85% of the applicable specific EO, if the imports of such Capital Goods had taken benefit of duty exemption. Average EO continues to remain unchanged.
(d) Duty remission shall be in proportion to the EO fulfilled.
(e) These Duty Credit Scrip(s) can be used for payment of applicable custom duties for imports and applicable excise duties for domestic procurement.
(f) All provisions of the existing EPCG Scheme shall apply insofar as they are not inconsistent with this scheme.
(This version of Chapter 5 of the Foreign Trade Policy deals with policy provisions for Export Promotion Capital Goods (EPCG) Scheme replace by NOTIFICATION NO. 01/2013, DT. 18/04/2013 with immediate effect.)
[OLD -
5.11
Post Export EPCG Duty Credit Scrip(s)
(a) Post Export EPCG Duty Credit Scrip (s) shall be available to exporters who intend to import capital goods on full payment of applicable duties in cash and choose to opt for this scheme.
[OLD- (a) EPCG Duty Remission Scheme shall be available to exporters who intend to import / procure capital goods on full payment of applicable duties and choose to opt for this scheme. ]
(Above (a) has been amended vide NOTIFICATION NO. 08/2012, DT. 26/07/2012wef 5.6.2012)
(b) Basic Customs duty paid on Capital Goods shall be remitted in the form of freely transferable duty credit scrip(s), similar to those issued under Chapter 3 of FTP.
(Above Sub-para (b) 5.11 has been amended vide NOTIFICATION NO. 33/2012, DT. 08/02/2013)
[OLD- (b) Duty paid on Capital Goods (excluding portion CENVATed / Rebated) shall be remitted in the form of freely transferable duty credit scrip(s). ]
(c) Specific EO under this Scheme shall be 85% of the applicable specific EO, if the imports of such Capital Goods had taken benefit of duty exemption. Average EO continues to remain unchanged.
(d) Duty remission shall be in proportion to the EO fulfilled.
(e) These Duty Credit Scrip(s) can be used for payment of applicable custom duties for imports and applicable excise duties for domestic procurement.
(f) All provisions of the existing EPCG Scheme shall apply insofar as they are not inconsistent with this scheme. ]