Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Certification of nexus under EPCG Scheme

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lications for issue of licenses where the Duty saved amount is upto Rs.50 crores, will continue to be submitted to the concerned Regional Licensing Authority, as per the jurisdiction indicated in Appendix 24 of the HB of Procedure Vol.I. In respect of the above cases, where the duty saved amount is upto Rs.50 crores and licenses have been issued on or after 1.10.2003, the RLA shall not forward such cases to DGFT(HQ) for nexus fixation. The process of nexus fixation in respect the above cases shall be done by the RLA themselves. Further, where the duty saved amount is more than Rs.50 crores, EPCG applications shall also be submitted to the concerned RLA with a copy to DGFT(HQ). In such cases, necessary instructions shall be issued by the DGF .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the RLA should verify the nexus from the list of CGs already being maintained by the Section in terms of para 5.2.1. (now 5.3.2) of the Hand Boo k of Procedure Vol.I and as per the following Policy Circulars already issued in this regard:- a) Policy Circular No. 52 (RE-99-00) dated 18.2.2000 b) Policy Circular No.03 (RE-2000) dated 7.4.2000 c) Policy Circular No. 10 (RE-2000) dated 14.6.2000 d) Policy Circular No. 23 (RE-2000) dated 1.9.2000 e) Policy Circular No. 39 (RE-2000) dated 14.2.2001; f) Respective Customs Notification/Circular related to EPCG Scheme issued by Deptt of Revenue from time to time. iv) By following to the above procedure, whenever the concerned Section finds in the RLA that a nexus already exists, such cases .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Engineer Certificate prescribed for this purpose. Committee's attention is also invited to the current Policy provisions wherein CGs for pre-production and post-production have also been allowed. Therefore, nexus between the CGs allowed for import and products to be exported shall be seen with reference to overall production activity of a firm, starting from tool Room to different stages of production, facility for storage etc. vii) RLAs are also directed to send to the HQ by 10.1.2004, the industry-wise List of CGs with corresponding export product(s) for which nexus has already been certified by the DGFT HQ/ regularized by the RLAs themselves upto 31.12.2003. The HQ shall compile all the lists so received from the RLAs and put it on the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates