Caliculation of invalidation under epcg i

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sudheer (Querist)
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11 October 2013 DEAR SIR,
I WANT TO RECEIVE A NEW EPCG CERTIFICATE. COULD YOU TELL ME THE CALICULATION PART OF INVALIDATION WHEN CAPITAL GOODS PROCURED FROM DOMESTIC SUPPLIERS. SIR COULD YOU TELL ME WITH EXAMPLE (IF CIF VALUE IS 100).AND WHEN WE WILL SUBMIT INVALIDATION IN DGFT

THANKS & REGARDS
SUDHEER

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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11 October 2013 invalidation letter or ARO issued by CONCERNED RJDGFT to importer when goods procured in any SEZ OR inland india.

nil duty applicable @ import and when will u fulfill the E.O. submit the all the licence as well as all the annexures in RJDGFT.

sudheer

sudheer (Querist)
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12 October 2013 Thank you sir,
Actually I dont know what is the procedures to obtain EPCG Licence,Invalidation...etc.

Sir,Could you tell me the which the documents are required, and what is the order I have to follow to save the duty.
HS CODE-84451910, Total 17 items in single invoice from domestic supplier.In this 17 items, 2 items are non exciseble goods. Total basic amount of 17 items is Rs.1,36,56,553/-, In this total basic amount Rs.7,21,819/- is non excisable goods. I found to this code Basi customs duty 7.5% and effective duty 5% only. Which rate I can taken to caliculate the EO.
Sir, Please give me in word document with illustration to be appreciate in our company

Thanks & Regards,
D.Sudheer

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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12 October 2013 AS PER FTP 2009-2014,

Copy of IEC Copy of RCMC Copy of SSI/SIA/Industrieal Licence List of Director,s / Partners Board Resolution / POA REQUEST LETTER Treasury Challan for Rs. Copy of Appendix 1A Contract / Proforma Invoice List of Item Sought to be Imported Catalogue / Literature Justification for Import C.A. Certificate for last three years in prescribed format Details of outstanding licence in format CHARTERED ENGINEER CERTIFICATE AS PER POCY PROCEDURE-2009-2014 In Case of Newcomers Copy of Sales Tax Return Copy of Electricity Bill Copy of Telephone Bill Copy of Passport Copy of Income Tax Return Copy of Central Excise Certificate In Case of Status Holder Copy of Export House, Trading House.

CA certificate certifying last 3 years exports , if available

Details of export products , to which capital goods , which have to be imported are related

Step wise flow chart specifying clearly as to where the capital good to be imported , will be utilized.

Brief justification of quantity of capital goods required to be imported and whether there is process/production requirement of quantity.

Read more :
https://www.caclubindia.com/experts/epcg-licence-1038839.asp#.UljWZVNHhkg

https://www.caclubindia.com/forum/documents-required-for-epcg-licences-application-99274.asp#.UljWk1NHhkg

https://www.caclubindia.com/experts/procedure-to-obtain-epcg-license--690860.asp#.UljWhlNHhkg

sudheer

sudheer (Querist)
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19 October 2013 Sir, My colleague says 25% bank guarantee required on duty saved amount. I am procuring capital goods from domestic suppliers. Is 25% bank guarantee necessary. If necessary, have i taken on duty saved amount for export obligation (or) actual duty saved of invalidation.

Please clarify sir

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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19 October 2013 REFER TO CBEC Circular No. 17 DTD 25.05.2009

service providers in the port handling sector who are appointed as Custodians by the jurisdictional Customs / Central Excise authorities ---------- APPLICABLE 25% BANK GUARANTEE