Applicability of Zero Duty EPCG Scheme
This query is : Resolved
04 June 2010
Please advise about the applicability of Zero % Duty EPCG Scheme.
Which sectors can avail exemption under this scheme.
Which sectors can avail exemption under this scheme.
05 June 2010
DEAR MADAM,
ZERO DUTY EPCG SCHEME ALLOWS IMPORT OF CAPITAL GOODS FOR
PRE PRODUCTION, PRODUCTION AND POST PRODUCTION (INCLUDING
CKD/SKD THEREOF AS WELL AS COMPUTER SOFTWARE SYSTEMS)
AT ZERO CUSTOMS DUTY, SUBJECT TO AN EXPORT OBLIGATION
EQUIVALENT TO 6 TIMES OF DUTY SAVED ON CAPITAL GOODS
IMPORTED UNDER EPCG SCHEME, TO BE FULFILLED IN 6 YEARS
RECKONED FROM AUTHORIZATION ISSUE-DATE.
THE SCHEME WILL BE AVAILABLE FOR EXPORTERS OF ENGINEERING
& ELECTRONIC PRODUCTS, BASIC CHEMICALS & PHARMACEUTICALS,
APPARELS & TEXTILES, PLASTICS, HANDICRAFTS, CHEMICALS &
ALLIED PRODUCTS AND LEATHER & LEATHER PRODUCTS; SUBJECT TO
EXCLUSIONS AS PROVIDED IN HBPV1.
ZERO DUTY EPCG SCHEME ALLOWS IMPORT OF CAPITAL GOODS FOR
PRE PRODUCTION, PRODUCTION AND POST PRODUCTION (INCLUDING
CKD/SKD THEREOF AS WELL AS COMPUTER SOFTWARE SYSTEMS)
AT ZERO CUSTOMS DUTY, SUBJECT TO AN EXPORT OBLIGATION
EQUIVALENT TO 6 TIMES OF DUTY SAVED ON CAPITAL GOODS
IMPORTED UNDER EPCG SCHEME, TO BE FULFILLED IN 6 YEARS
RECKONED FROM AUTHORIZATION ISSUE-DATE.
THE SCHEME WILL BE AVAILABLE FOR EXPORTERS OF ENGINEERING
& ELECTRONIC PRODUCTS, BASIC CHEMICALS & PHARMACEUTICALS,
APPARELS & TEXTILES, PLASTICS, HANDICRAFTS, CHEMICALS &
ALLIED PRODUCTS AND LEATHER & LEATHER PRODUCTS; SUBJECT TO
EXCLUSIONS AS PROVIDED IN HBPV1.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- TDR receipts for agreement holder
- Inventory of finished goods
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GSTR3B IMS Deshboard ( Rec. Solution )
Trending Online Classes
CAclubindia
