epcg obligation, Customs - Exim - SEZ

[satbir singh wahi]

pary has imported knitting machines under EPCG.NOW IT IS FULFILLING EXPORT OBLIGATION THROUGH THIRD PARTY, THE THIRD PARTY IS EXPORTING WOVEN GARMENTS BY MENTIONING THE EPCG NO. OF US UNDER WHICH KNITTING MACHINERY WAS IMPORTED.WHETHER EXPORT OBLIGATION CAN BE FULFILLED BY EXPORTING PRODUCT THAT IS NOT MANUFACTURED ON IMPORTED MACHINE UNDER EPCG.

Posts / Replies

[Rama Krishana]

From the query it appears that, some thing is wrong somewhere. One of the important condition under EPCG is that, "Import of capital goods shall be subject to Actual User condition till export obligation is completed." In your case, there is no actual use of machinery imported under EPCG, you may be under some difficulty in future. There is no such permission of this kind under FTP.