9911796707
TMI BlogIMPORT OF SPARE PARTS UNDER EPCG SCHEME.X X X X Extracts X X X X X X X X Extracts X X X X ..... IMPORT OF SPARE PARTS UNDER EPCG SCHEME. X X X X Extracts X X X X X X X X Extracts X X X X ..... on import of spare parts under the EPCG scheme. Is IGST payable at the time of import of goods ? and while exporting goods under EO how to export either with payment or LUT? Thanks in advance. Reply By Sadanand Bulbule: The Reply: Dear querist Capital goods imported under EPCG Authorisation for physical exports are exempt from IGST and Compensation Cess, leviable thereon under the sub-section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (7) and sub-section (9) respectively of Section 3 of the Customs Tariff Act, 1975. Reply By Sadanand Bulbule: The Reply: Refer Notification No.16/2015-20 dated 01/07/2022 issued by the DGFT, Ministry of Commerce ,GoI as amended to Foreign Trade Policy 2015-2022. Reply By KASTURI SETHI: The Reply: I support the views of Sh. Sadanand Bulbule, Sir. Also peruse Notification No. 26/23-Customs da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted 1.4.23.
Reply By Shilpi Jain:
The Reply:
5.01 of FTP
Capital goods for the purpose of the EPCG scheme shall include:
(i)
(ii)
(iii) Spares, moulds, dies, jigs, fixtures, tools & refractories; and
...............
So spares of CG can be imported under EPCG. X X X X Extracts X X X X X X X X Extracts X X X X
|
