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TMI BlogAmendment in the Handbook of Procedure Vol. IX X X X Extracts X X X X X X X X Extracts X X X X ..... fying the end use of capital goods sought for import for its use at pre production, production or post production stage for the product undertaken for export obligation. For the cases wherein duty saved amount is above Rs. 50 crores, the applicant may apply to DGFT Headquarters directly with a copy endorsed to the concerned RLA. In such cases, based on the recommendations of Headquarters EPCG Committee/ approval of competent authority the concerned RLAs will issue the EPCG licence accordingly. 5.3.1: The Licensing Authority, after issue of EPCG licence on the basis of certificate from the Independent Chartered Engineer (CEC) furnished by applicant shall forward a copy of licence along with copy of CEC to concerned Jurisdictional Central ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roduce the licensing authority a certificate by the jurisdictional central excise authorities confirming the inventory of spares taken in the records of the licence holder within one month of the date of completion of each import. Further at the time of final redemption of export obligation licence holder shall submit certificate from the Independent Chartered Engineer confirming the use of spares so imported in the installed capital goods on the basis of stock & consumption register maintained by licence holder. 3. At the end of paragraph 5.7.3, the following sentence is added:- "Payment received in rupee terms for the port handling services provided by the service provider in terms of paragraph 9.47 (iv) of the Exim Policy shall also be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en done and shall also endorse the licence for Product(s)/ services(s) to fulfill the balance export obligation. The re-fixed average export obligation shall be applicable from the financial year during which it has been done. Notwithstanding the above, the original average Export obligation shall not be required for the remaining period provided the licencee does not want to export the original products/services in the remaining export obligation period. The licencee can also opt for the re-fixation of the balance export obligation based on 8 times of the duty saved amount for the CIF value in proportion to the balance Export obligation under the scheme. The aforesaid facilities shall be available for exports made on or after the dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y consider such application for grant of extension in the period of export obligation upto 12 years or as per the rehabilitation package prepared by operating agency and approved by BIFR broad/state authority, on its merit. 7. A new para 5.18 pertaining to the "Clubbing of EPCG licences" is added as under: 5.18: The clubbing of two or more EPCG licences of the same licence holder would be permitted as per the provisions given herewith. The expiry period mentioned in the subparas of this para would be with reference to the export obligation period of the EPCG licence. 5.18.1: The accountability of imports and exports shall be restricted to the items mentioned in the EPCG licences to be clubbed. 5.18.2: An application for clubbing can be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... licences. In case any specific (as against general extensions) export obligation extension has been given for any EPCG licence, the same licence cannot be considered for clubbing . 5.18.7: No export obligation extension would be granted to the clubbed EPCG licence since the clubbing is primarily meant for the redemption/ regularisation of the individual licences on the basis of exports made within the original export obligation period of the licences. 8. A new Appendix 9 C pertaining to "Application Form for clubbing of licences under the EPCG scheme" is appended to this Public Notice. This issues in Public Interest. (L. MANSINGH) DIRECTOR GENERAL OF FOREIGN TRADE File No: 01/94/180/Public Notice/ AM04/ PC IV Appended to Public Noti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny penal action or other consequences as may be prescribed in law or otherwise warranted. (iii) I/We further declare that the clubbing is being sought for EPCG licences issued in the same licencing year, having the same export product(s) or services, issued under the same Customs Notification and having the same port of registration. (iv) I/We undertake to abide by the provisions of the foreign Trade (Development and Regulation) Act, 1992,the Rules and Orders framed thereunder, the Export and Import Policy and the Handbook of Procedures. (v) That I/We shall be liable to penal action in accordance with the Policy/Procedure/Foreign Trade (Development & Regulation) Act, 1992 the Rules and Orders framed thereunder and the Customs Act, 196 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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