Application under epcg scheme
This query is : Resolved
01 September 2012
dear sir,
we are looking to import cnc gas cutting machine from czech republic. the machine is new & ex-works cost is euro 50000 under epcg scheme. our co. is registered under ssi.
we have to file an application of license under epcg scheme. please let us know the complete procedure of filing online application with jt.dgft & custom procedure.
also the calculation of custom duty.the HS code of machine is 84682000. how to fill duty calculation while online filing?
we are looking to import cnc gas cutting machine from czech republic. the machine is new & ex-works cost is euro 50000 under epcg scheme. our co. is registered under ssi.
we have to file an application of license under epcg scheme. please let us know the complete procedure of filing online application with jt.dgft & custom procedure.
also the calculation of custom duty.the HS code of machine is 84682000. how to fill duty calculation while online filing?
01 September 2012
First you have to obtain IEC then only you can file application for EPCG SCHEME.. THAT IS available in dgft/custom sites.
01 September 2012
Noted that dear author,
whenever you obtain the IEC code then DGFT ISSUE THE EPCG LICENCE TO AN EXPORTER.
AFTER IT THROUGH THE DIGITAL KEY WE CAN EFILING THE APPLICATION .
IF YOU HAVE ANY query @ dgft filing please ask me i assist you till Redemption.
whenever you obtain the IEC code then DGFT ISSUE THE EPCG LICENCE TO AN EXPORTER.
AFTER IT THROUGH THE DIGITAL KEY WE CAN EFILING THE APPLICATION .
IF YOU HAVE ANY query @ dgft filing please ask me i assist you till Redemption.
01 September 2012
we already have digital key.
we are manufacturer of eng. goods.
Can you inform us that which benifit (0% or 3%) is applicable to us for EPCG scheme?
please let us know how much duty will be applicable?
HS code of machine (capital goods 84682000.
we are manufacturer of eng. goods.
Can you inform us that which benifit (0% or 3%) is applicable to us for EPCG scheme?
please let us know how much duty will be applicable?
HS code of machine (capital goods 84682000.
01 September 2012
refer to para 5.1(b) of foreign trade policy 2009-2014 you occurs in ZERO DUTY EPCG SCHEME.
no duty applicable in this case subject to an export obligation equivalent to 6 times of duty saved on capital goods imported under scheme to be fulfilled in 6 year reckoned from authorisation date.
compliance of para 5.1(c)to (h) will be read before apply.
regards,
no duty applicable in this case subject to an export obligation equivalent to 6 times of duty saved on capital goods imported under scheme to be fulfilled in 6 year reckoned from authorisation date.
compliance of para 5.1(c)to (h) will be read before apply.
regards,
03 September 2012
any query,
ramesh.arti@sify.com
ramesh.arti@sify.com
03 September 2012
thanks.
please suggest if we make application in euro currency & all our export invoice is made in usd currency (for EO). do we face any problem while fulfiling export obligation certificate.
please suggest if we make application in euro currency & all our export invoice is made in usd currency (for EO). do we face any problem while fulfiling export obligation certificate.
04 September 2012
No problem occurs.
17 April 2013
Dear Sir, Please note i am working with an export co. as export executive. i have applied for zero duty EPCG lic. scheme on 11.03.2013. Now,the DGFT officials rejected our application because the scheme was in effect till 31.03.2013. They told us to wait till next notification. Please advise what is the tentative time period for issue of notification from customs. regards,
Seema email: export@vkvc.com
Seema email: export@vkvc.com
18 April 2013
today government are presenting FTP kindly wait till government Notification.
regards,
regards,
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