Policy circular issued on 18.05.2012 by dgft

RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)

18 May 2012  

Government of India

Ministry of Commerce and Industry

Department of Commerce

(Directorate General of Foreign Trade)

[ISO 9001:2008 Certified Organisation]
Udyog Bhawan, H-Wing
Maulana Azad Road, New Delhi-110011
Tel. (EPBAX No.): 011-2306 1562
Fax No: 011-2306 2225

Web Site: https://dgft.gov.in

E-mail: dgft @ nic.in

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Policy Circular No. 65 (RE-2010)/2009-14                                                                                                                     Dated 18/05/2012

 

To,

            All Regional Offices of DGFT          

 

Subject:     Treatment of Capital Goods sourced from SEZ and import of spares for such Capital Goods under EPCG Scheme – Para 5.2A of FTP– reg.

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            Kind attention is invited to Policy Circular No. 54 dated 23.02.2012.  A question has arisen whether the Capital Goods sourced from Special Economic Zone (SEZ) would be treated as ‘imported goods’ and whether spares for such Capital Goods may be imported under the EPCG Scheme – Para 5.2A of FTP.

 

2.         The matter has been examined and it is clarified that Capital Goods sourced from SEZ are treated as ‘imported goods’. Hence, EPCG Scheme-under Para 5.2A is available for import of spares for such imported Capital Goods (i.e. sourced from SEZ) with reduced EO.  Besides this, EPCG Authorization for “Spares” is also allowed under Para 5.2 {as clarified in Policy Circular No. 12 dated 17.01.2011 (Point No. 2)}.

 

3.         This issues with the approval of Director General of Foreign Trade.

 

 

 

(Rita Mahna)

Deputy Director General of Foreign Trade

Tel. No. +91 11 2306 1562/Ext. 288

E-mail: r.mahna @ nic.in

 

(Issued from File No. 01/36/218/11/AM-13/EPCG-I)