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TMI BlogEPCG ON IMPORT OF FORKLIFT FOR CAPTIVE CONSUMPTIONX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir's We are manufacturer exporters status holder. for our raw material unloading loading we want to import forklift so can we clear the same under EPCG licence? we are a plastic manufacturing company. Best Regards Abhishek - Reply By MUKUND THAKKAR - The Reply = Please read condition carefully. than act accordingly.as per my view not advisable. - Reply By KASTURI SETHI - Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Reply = I support the views of Sh.Mukund Thakkar, Sir. Forklift is a truck and it is eligible only to mining sector. Go through Appendix 5F (serial No.4) of HBP 2015-20 as amended vide DGFT Public Notice No.47/2015-20 dated 6.12.2017 . - Reply By YAGAY andSUN - The Reply = In our view, You cannot import Fork Lift against EPCG without payment of applicable duties and taxes and there woul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d be no nexus between Fork Lift and Manufacturing of Finished Goods. Further, Fork Lift is specifically mentioned as Non Transport Vehicle under the provisions of Motor Vehicle Act vide Notification S.O.1248(E) dtd 5th November 2004. Further you should also go through the definition of Capital Goods as mentioned in the Chapter 9 of the FTP 2015-2020 as valid till 30-09-2021. - EPCG ON IMPORT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... OF FORKLIFT FOR CAPTIVE CONSUMPTION - Query Started By: - abhishek Agarwal Dated:- 21-12-2020 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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