Regarding shifting of Capital Goods imported under the EPCG Scheme.

Notification No: Public Notice No.31 /2015-20
Notification Date: 2018-08-29
Issuing Authority: DGFT-Public Notice
Subject: Regarding shifting of Capital Goods imported under the EPCG Scheme.

(To be Published in the Gazette of India Extraordinary Part I, Section-I)

Government of India

Ministry of Commerce and Industry

Department of Commerce

Directorate General of Foreign Trade

Udyog Bhawan

 

Public Notice No.31 /2015-20

New Delhi. Dated the 29th August 2018

 

Subject:- Regarding shifting of Capital Goods imported under the EPCG Scheme.

 

In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP) 2015-20, the Director General of Foreign Trade in public interest hereby makes the

following amendment in the Para 5.04(a) of Handbook of Procedures 2015-20. The amended

para is produced below:

 

Para 5.04(a): Certificate of Installation of Capital Goods Authorization holder shall produce, within six months from date of completion of import, to the concerned RA, a certificate from the jurisdictional Customs  authority or an independent Chartered Engineer, at the option of the authorisation holder, confirming installation of capital goods at factory/premises of authorization holder or his supporting manufacturer(s). The RA may allow one time extension of the said period for producing the certificate by a maximum period of 12 months with a composition fee of Rs.5000/-. Where the authorisation holder opts for independent Chartered Engineer's certificate, he shall send a copy of the certificate to the jurisdictional Customs Authority for intimation/record. The authorization holder shall be permitted to shift capital goods during the

entire export obligation period to other units mentioned in the lEC and RCMC of the authorization holder subject to production of fresh installation certificate to the RA concerned within six months of the shifting."

 

Effect of this Public Notice: EPCG authorisation holders are permitted to shift the capital goods imported during the entire export obligation period to their other units mentioned in the lEC and RCMC subject to conditions specified.

 

(Alok Vardhan Chaturvedi)

Director General of Foreign Trade

Ex officio Additional Secretary to the Government of India

Email: dgft@nic.in

 

(Issued from F.No. 18/115/AM-19/P-5)