14 January 2014
Hello Sir, i want to know about 2 querries. 1) one assesse has taken EPCG scheme for imported machine, in which export obligation was 8 times of duty saved. But due to lack of orders, assesse was not able to fulfill complete exports obligation and time limit expires on 01.09.2012. After expiry of limit, no action was takne by assesse for extension or payment woth interest of duty saved. Therefore Plz suggest any way to coming out of this violation at maximum reduced cost or any way to furhter extension of time for fulfill exports obligation?
2) Can assesse take benefit of EPCG scheme for import of second hand machine. if yes , either there are any special conditions or provisions for this scheme?
18 January 2014
Thanks a lot Ramesh Kumar ji.. i will discuss it regarding assignment wid management and revert you accordingly.
i have still one more query.
an assesse has issued one EPCG license on dated 30.04.12 agsinst imported machine.Machine has installed witn in 2 months actually, but in balance sheet of 31.03.13 ,its still stands as capital in progress. Installation certificate still not taken from excise dept, even almost 1.8 years elapsed. EPCG dept has issued notice for producing installtion certificate with in 7 days. presently documents are ready for installtion cert. now how to handle it. can you take assignmentalso for this matter.
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