EPCG machinery, Customs - Exim - SEZ

[Mithilesh Kumar]

Dear sir,

We have import machineries under EPCG in 2011-2012 with 3.08 % of custom duty.

These machineries were using as per agreement taken during EPCG license.

Please advise can we use these machinery for rental business now.

Posts / Replies

[YAGAY AND SUN]

Till the time you don't fulfill the export obligation and submit the EODC, you cannot use machinery imported under EPCG Scheme.

[Mahir S]

Sir,

Import of capital goods shall be subject to Actual User condition till export obligation is completed.