EPCG/Duty Exemption Schemes --- exemption notifications explained

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..... 2001 announced on 31.3.2000, interalia 5% Duty EPCG Scheme and few other Duty Exemption Schemes have been introduced. In order to operationalise these export promotion schemes, the Department of Revenue have issued Customs Notification Nos. 47/2000 and 48/2000 both dated 25th April, 2000, 49/2000, 50/2000 and 51/2000 all dated 27th April, 2000 and 52/2000 dated 28.4.2000. Salient features of these .....

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..... mport of only those equipments would be permitted which are required by service providers for rendering services. Import of consumer items like carpets, crockery, marble, chandeliers etc. shall not be allowed. For the purpose of allowing imports to service providers, the list of equipments appended to Customs Notification No. 29/97 can be used as a reference. (Notification No. 49/2000 dated 24.4.2 .....

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..... nufacturer exporters & service providers have been granted 50% BG exemption under 15% Duty EPCG Scheme. It is clarified that the same provision specified in paras 3.1 (a), (c) & (d) shall be applicable for 10% and 5% duty EPCG Schemes. In other words, a status holder would enjoy full BG exemption under 5% duty EPCG Scheme. The other provisions of BG exemption specified in DOR Circular No. 38/97-Cu .....

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..... 7.4.2000 refers. Duty Free Replenishment Certificate Scheme (DFRC) In order to permit of inputs used in the manufacture of resultant export products, DFRC licences would be issued on post export basis. The Scheme would be applicable to export products which has Standard Input-Output Norms (SION) specified in Handbook of Procedure, Vol.II. Customs Notification No. 48/2000 dated 25.4.2000 and C .....

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..... endment Notification No. 47/2000-Cus. Dated 25.4.2000 has been issued. 2. Copies of Custom Notifications and Circular are being sent separately: 3. Standing Orders/Departmental orders for the information and guidance of the field staff and trade/public notices for the trade may be issued and copies of the same may be forwarded to the Joint Secretary (Drawback).
Circular, Trade Notice, Publ .....

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