Who are eligible for EPCG scheme?
Who are eligible for EPCG scheme?
1 Who are eligible to avail of the EPCG Scheme? A. The manufacturers, Exporters and Merchant Exporters are eligible to avail of this Scheme. Q.
Who are not eligible under EPCG scheme?
Such domestic manufacturer shall be eligible for deemed export benefit under FTP. -License under this scheme shall not be issued for the import of any capital goods for Electricity Generations or Supply plants. -Import of second hand capital goods are not permitted under the EPCG scheme.
What are the features of EPCG scheme?
Features of the EPCG scheme
- The authorisation holder of the EPCG is allowed to import capital goods at a customs duty of 0% or 3%.
- The capital goods imported under the EPCG scheme will depend on the actual user condition and until the export obligation is fulfilled, the imported goods cannot be sold or transferred.
What are the objectives of EPCG scheme?
The objective of the EPCG Scheme is to facilitate import of capital goods for producing quality goods and services and enhance India’s manufacturing competitiveness. (iv) Catalysts for initial charge plus one subsequent charge.
How do I apply for an EPCG committee?
for the review application, then user must apply under Services > EPCG > Apply for EPCG Committee and select “review application” as the application type. Application of EPCG (ANF-2D)”.
How do I apply for EPCG online?
EPCG Online Application Procedure
- Step 1: Visit the DGFT Official website.
- Step 2: Log in with DGFT Digital Signature Certificate.
- Step 3: Create a New File.
- Step 4: Fill initial mandatory details.
- Step 5: Filling Industrial Registration, Export House & RCMC Details.
- Step 6: Fill the Factory Address.
What is EPCG obligation?
EPCG scheme facilitates import of capital goods for producing quality goods and services to enhance India’s export competitiveness. Under the EPCG scheme, capital goods imported at zero customs duty must fulfil EPCG export obligation equivalent to 6 times of duty saved on the capital goods.
Can raw materials be imported under EPCG scheme?
Raw materials for manufacture of machinery to be installed can be imported under the Project Import Regulations, whereas, that is possible only through the scheme of procurement from domestic manufacturers under the EPCG scheme.
How do I apply for EPCG scheme?
What is EPCG scheme?
EPCG scheme enables the import of capital goods that are used in the pre-production, production, and post-production without the payment of customs duty.
How can I apply for EPCG scheme?
What is Mai scheme?
Market Access Initiative (MAI) Scheme is an Export Promotion Scheme envisaged to act as a catalyst to promote India’s exports on a sustained basis. The scheme is formulated on focus product-focus country approach to evolve specific market and specific product through market studies/survey.
What are the restrictions under EPCG scheme?
Import of Restricted items of imports mentioned under ITC (HS) shall only be allowed under EPCG Scheme after approval from EFC at Headquarters. 6 [ (g) Authorization under EPCG Scheme shall not be issued for import of any Capital Goods (including Captive plants and Power Generator Sets of any kind) for i. Export of electrical energy (power) ii.
What are the import and export obligations under EPCG?
Import under EPCG Scheme shall be subject to an export obligation equivalent to 6 times of duty saved on capital goods, to be fulfilled in 6 years reckoned from date of issue of Authorization. Authorization shall be valid for import for 18 months from the date of issue of Authorization.
What is sub rule (4B) of gstr-89?
In the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), in rule 89, for sub-rule (4B), the following sub-rule shall be substituted, namely:- “ (4B) Where the person claiming refund of unutilised input tax credit on account of zero rated supplies without payment of tax has –
