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TMI BlogEXPORT PROMOTION CAPITAL GOODS (EPCG) SCHEMEX X X X Extracts X X X X X X X X Extracts X X X X ..... 8 [ 30.06.2022 ] only, leviable thereon under the subsection(7) and subsection (9) respectively, of section 3 of the Customs Tariff Act, 1975 (51 of 1975), as provided in the notification issued by Department of Revenue. Alternatively, the Authorisation holder may also procure Capital Goods from indigenous sources in accordance with provisions of paragraph 5.07 of FTP. Capital goods for the purpose of the EPCG scheme shall include: (i) Capital Goods as defined in Chapter 9 including in CKD/SKD condition thereof; (ii) Computer systems and software which are a part of the Capital Goods being imported; (iii) Spares, moulds, dies, jigs, fixtures, tools refractories; and (iv) Catalysts for initial charge plus one subsequent char ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (a) EPCG scheme covers manufacturer exporters with or without supporting manufacturer(s), merchant exporters tied to supporting manufacturer(s) and service providers. Name of supporting manufacturer(s) shall be endorsed on the EPCG Authorisation before installation of the capital goods in the factory / premises of the supporting manufacturer (s). In case of any change in supporting manufacturer (s) the RA shall intimate such change to jurisdictional Customs Authority of existing as well as changed supporting manufacturer(s) and the Customs at port of registration of Authorisation. (b) Export Promotion Capital Goods (EPCG) Scheme also covers a service provider who is designated / certified as a Common Service Provider (CSP) by the DG ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roducts within the overall EO period including extended period, if any; except for categories mentioned in paragraph 5.13(a) of HBP. Such average would be the arithmetic mean of export performance in the preceding three licensing years for same and similar products. (c) In case of indigenous sourcing of Capital Goods, specific EO shall be 25% less than the EO stipulated in Para 5.01. (d) Shipments under Advance Authorisation, DFIA, Drawback scheme or reward schemes under Chapter 3 of FTP; would also count for fulfillment of EO under EPCG Scheme. (e) Export shall be physical export. However, supplies as specified in paragraph 7.02 (a), (b), (e), (f) (h) of FTP shall also be counted towards fulfillment of export obligation, along w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d amount. In case of domestic sourcing, EO shall be reckoned with reference to notional Customs duties saved on FOR value. 5.09 Incentive for early EO fulfilment With a view to accelerating exports, in cases where Authorisation holder has fulfilled 75% or more of specific export obligation and 100% of Average Export Obligation till date, if any, in half or less than half the original export obligation period specified, remaining export obligation shall be condoned and the Authorisation redeemed by RA concerned. However no benefit under Para 5.21 of HBP shall be permitted where incentive for early EO fulfillment has been availed. 5.10 Reduced EO for Green Technology Products For exporters of Green Technology Products, Specifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fication No. 54/2015-2020 dated 22-03-2018 before it was read as 31.03.2018 2. Substituted vide Notification No. 35/2015-2020 dated 26-09-2018 before it was read as 1 [ 01.10.2018 ] 3. Substituted vide Notification No. 57/2015-20 dated 20-03-2019 before it was read as 2 [ 31.03.2019 ] 4. Substituted vide NOTIFICATION No. 57/2015-2020 dated 31-03-2020 before it was read as 3 [ 31.03.2020 ] 5. Inserted vide NOTIFICATION No. 57/2015-2020 dated 31-03-2020 6. Substituted vide Notification No. 60/2015-2020 dated 31-03-2021 before it was read as 4 [ 31.03.2021 ] 7. Substituted vide Notification No. 33/2015-2020 dated 28-09-2021 before it was read as 6 [ 30.09.2021 ] 8. Substituted vi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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