Non-utilisation of zero duty epcg licence

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Kushal Biswas (Querist)
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29 November 2013 Our company had imported second hand equipments under Zero Duty EPCG scheme for setting up a plant. Subsequently, the plan to set up of the plant was shelved & the equipments were not installed. Now, we want to surrender the EPCG licence.
Kindly inform whether the same can be done and if so what is the procedure for doing so & the underlying costs for surrendering the licence.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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07 December 2013 if you had got the EPCG licence and could not Import and registeration in CUSTOM so far immediately submitted in concerned REGIONAL LICENCING AUTHORITY & avoid submitting custom duty alongwith interest Noted also that do not violation of FTDR act.

must read:

https://www.caclubindia.com/experts/procedure-for-surrender-of-export-obligation-under-epcg-sche-1246164.asp#.UqKl5Ccv3WA

Regards

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