Simultaneously availment of ecpg and sfis

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2013 dear sir,

we are currently getting SHIS (Status Holder Incentive Scrip License)incentive from DGFT which is utilized while importing capital goods. In EPCG scheme also, custom duty to be paid on capital goods becomes zero or 3% concessional rate . So pls confirm both the incentives can be availed simultaneously.

regards,
ankit rathi

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

23 January 2013 Status holders are issued Status Holders Incentive Scrip (SHIS) to import Capital Goods for promoting investment in up-gradation of technology of some specified labour intensive sectors like Leather, Textile & Jute, Handicrafts, Engineering, Plastics and Basic Chemicals. It is now decided that up to 10% of the value of these scrips will be allowed to be utilized to import components and spares of capital goods imported earlier. Such a dispensation was not available earlier.

At present these scrips are subject to Actual User Condition and are not transferable. Since a status holder may or may not have manufacturing facility, it is now decided to allow limited transferability of SHIS scrip. However, such Transferee shall have to (a) be a status holder and (b) have manufacturing facility.

More info:

http://www.cbec.gov.in/customs/cs-circulars/cs-circ12/circ20-2012-cs.htm