18 February 2012
For availing the benefit of Epcg scheme should we apply to DGFT for this scheme before the purchase of capital goods (whether indigenous capital goods or imported capital goods)? and in which form we should make an application to dgft regarding epcg scheme ?
18 February 2012
APPENDIX -10 A APPLICATION FORM FOR GRANT OF LICENCES FOR CAPITAL GOODS INCLUDING COMPUTER, COMPUTER SUB-SYSTEMS AND SERVICE EQUIPMENT UNDER THE EPCG SCHEME Documents to be enclosed with the application form: 1. Bank Receipt (in duplicate)/Demand Draft evidencing payment of application fee in terms of Appendix-34. 2. Self certified copy of the Performa invoice/quotations. of the foreign supplier showing separately (i) the amount on account of freight and (ii) insurance included in the CIF value quoted. In case the Proforma invoice is on FOB basis,the applicant shall indicate the freight and insurance separately in the application form. 3. Manufacturers illustrated pamphlets/catalogue. 4. Statement of exports achieved by the applicant in respect of the same/similar export product/services rendered during the preceeding three licensing years duly certified by a Chartered Accountant/ Cost and Works Accountant in the form given in Appendix-26. 5. (a) Self certified copy of SSI registration certificate/ Industrial Licence/Letter of intent or I.E.M.acknowledgement filed with the Secretariat for Industrial Assistance. OR (b) In case of service provider, a proof indicating the profession to which the applicant belongs.
20 February 2012
Thanks for this But sir i have made a query regarding the application for epcg scheme from the concerned department of DGFT and they have informed me regarding this query that the appliaction should me submitted in the form named ANF 5A (Aayaat Niryaat Form 5A)
20 February 2012
Dear sir, now i want to know that Bank Guarantee or LUT/BOND is mandatory for the epcg scheme ?
and if a person is not required to present bank guarantee because of exemption provided ( five crore export turnover) then is it mandatory for him to submit a LUT/BOND instead of Bank Guarantee ?
20 February 2012
sir my query is that if it is not mandatory for a person (manufacturer exporter having export turnover five crore in the preceeding year) to submit bank guarantee for epcg scheme then it will be mandatory for that person to submit LUT/BOND for epcg authorisation ? am I right regarding this ?
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