Para 5.6
- Document type
- Procedure
- Reference no.
- 04
- Dated
Leasing of Capital Goods
Leasing of Capital Goods 5.6
An EPCG licence holder may, on the basis of firm contract between the parties, source the capital goods from a domestic leasing company in accordance with paragraph 2.25 of the Policy. In such cases, the Bill of Entry of imported capital goods or the commercial invoice of indigenously procured capital goods, as the case may be, shall be signed jointly by the EPCG licence holder and the leasing company at the time of import/local supply respectively. However, the EPCG licence holder shall alone be fully responsible for fulfillment of export obligation.
An EPCG licence holder may, on the basis of firm contract between the parties, source the capital goods from a domestic leasing company in accordance with paragraph 2.25 of the Policy. In such cases, the Bill of Entry of imported capital goods or the commercial invoice of indigenously procured capital goods, as the case may be, shall be signed jointly by the EPCG licence holder and the leasing company at the time of import/local supply respectively. However, the EPCG licence holder shall alone be fully responsible for fulfillment of export obligation.