5.16
- Document type
- Procedure
- Dated
Re-Export of Capital Goods Imported Under EPCG Scheme
Re-Export of Capital Goods Imported Under EPCG Scheme
5.16
Capital Goods imported under the EPCG scheme, which are found defective or unfit for use, may be re-exported back to the foreign supplier within three years from the date of payment of duty on importation thereof with the permission of the Regional/Customs Authority. However, in such cases the Authorisation holder shall fulfill the balance export obligation under the Authorisation from export of alternate products/ services or the Authorisation holder shall pay duty equivalent to a proportionate amount of duty saved to the unfulfilled export obligation under the Authorisation.
5.16
Capital Goods imported under the EPCG scheme, which are found defective or unfit for use, may be re-exported back to the foreign supplier within three years from the date of payment of duty on importation thereof with the permission of the Regional/Customs Authority. However, in such cases the Authorisation holder shall fulfill the balance export obligation under the Authorisation from export of alternate products/ services or the Authorisation holder shall pay duty equivalent to a proportionate amount of duty saved to the unfulfilled export obligation under the Authorisation.