Tools to be import under epcg

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2013 We want to import new tools from under EPCG. It will installed at our supplier end. But from the said tools those products manufactured same will be sold in India only, as of now no any projections of exports.

But finished product description will be the same as per our other export product. So exporting different product we can complete Export Obligation easily. But no any nexus between tools & export product.

In the above situation can we avail EPCG benefit? Can we close said license successfully without any obligation from any government authority?

Please confirm.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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18 February 2013 pls read below mentioned link :

http://www.eximguru.com/exim/dgft/exim-policy/2012-2013/chapter_5_export_promotion_capital_goods_rpcg_scheme.aspx