We are manufacturer of Pharma products. We are planning to import a Packaging machine under EPCG. The machine will make Bag and Seal the bag after filling the Drugs manufactured by us. As per provision of the Foreign Trade Policy (FTP) if any Capital goods is imported under EPCG Export Obligation (EO) is to be fulfilled by exporting the Product manufactured / produced from the Machine (Capital goods) cleared under EPCG licence. Now, my questions are as under:
- For Fulfillment of EO Can we consider export of Drugs manufactured by us but not manufactured from machinery NOT imported under ANY EPCG licence and filled in the BAG manufactured from the machine imported under EPCG licence?
If not then.
2) Which item can be said to be exported towards fulfillment of EO BAGs which manufactured from the machine imported under EPCG licence or Drugs manufactured by us but not manufactured from the machine Imported under ANY EPCG licence? Please reply as early as possible.
Please reply as early as Possible.
CAclubindia
