Epcg license

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2014 I have one client who want to import capital goods under EPCG license.He wants to source under domestic leasing. Outside vendor will raise invoice in the name of Financer but Bill of entry will be filed in the name of importer(my client) under EPCG scheme. Is it possible?? what is the procedure if it is possible??

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 January 2015 An EPCG authorization holder may, source capital goods from a domestic leasing company. In such cases, the Bill of Entry of imported capital goods or commercial invoice of indigenous capital goods, shall be signed jointly by EPCG authorization holder and leasing company. However, EPCG authorization holder shall alone be fully responsible for fulfillment of export obligation.

EPCG authorization shall be issued with a single port of registration mentioned in paragraph 4.19 of HBP Vol.I for imports. However, exports can be made from any port specified in paragraph 4.19.

more specific provisions members may refer to the Foreign Trade Policy and Procedures hosted in the website of DGFT http://dgft.gov.in

Ramesh Verma