30 July 2015
KINDLY NOT Supplies against EPCG Invalidation letter would be on payment of duty as is done in regular course of business. You need to mention on the phase of Invoice "" Supplies against EPCG Invalidation / Authorisation No............"DT....." Further process would be that either of BUYER OR SUPPLIER has to claim TED (Terminal Excise Duty) Refund from the office of jurisdictional DGFT for which procedure as specified under Chapter 5 of FTP 2015-20 is to be followed.
Please see & Read Custom Notification No. 16/2015-Customs dated 01.04.2015, hence the goods are exempt from Import Duties.
Further no Central Excise Notification exists for Excise Duty Exemption in respect of supplies under EPCG with invalidation letter, exception being in case of supplies under International bidding competitive agreements.
23 September 2015
Dear sir, As per you the supplies against EPCG Invalidation letter would be on payment of duty and it should be done in regular course of business.
I Kindly request you to read the Policy Circular No.16 ( RE-2012/2009-14) dated 15th March 2013 and give me your valuable reply.
CAclubindia
