{"id":948,"date":"2015-04-03T00:00:00","date_gmt":"2015-04-02T18:30:00","guid":{"rendered":""},"modified":"2015-12-30T14:49:51","modified_gmt":"2015-12-30T09:19:51","slug":"conditions-for-exemption-of-goods-when-imported-into-india-against-a-post-export-epcg","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/exim\/conditions-for-exemption-of-goods-when-imported-into-india-against-a-post-export-epcg\/","title":{"rendered":"Conditions for exemption of goods when imported into India against a Post Export EPCG"},"content":{"rendered":"

     [TO BE PUBLISHED IN
\nTHE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (i)]<\/span><\/p>\n

GOVERNMENT OF INDIA
\nMINISTRY OF FINANCE
\n(DEPARTMENT OF REVENUE)<\/p>\n

Notification No.17\/ 2015 \u2013 Customs<\/strong><\/p>\n

New Delhi, the 1st<\/sup>
\nApril, 2015.<\/em><\/strong><\/p>\n

G.S.R.
\n253 (E).- In exercise of the powers conferred by sub-section (1) of
\nsection 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being
\nsatisfied that it is necessary in the public interest so to do, hereby exempts
\ngoods when imported into India against a Post Export EPCG duty credit scrip
\nissued by the Regional Authority in accordance with paragraph 5.12 of the
\nForeign Trade Policy which provides for duty remission in proportion to export
\nobligation fulfilled (hereinafter referred to as the said scrip) from,- <\/p>\n

(a) the
\nwhole of the duty of customs leviable thereon under the First Schedule to the
\nCustoms Tariff Act, 1975 (51 of 1975); and<\/p>\n

 <\/p>\n

(b) the
\nwhole of the additional duty leviable thereon under section 3 of the said
\nCustoms Tariff Act.<\/p>\n

 <\/p>\n

2. The exemption under this
\nnotification shall be subject to the following conditions, namely:-<\/p>\n

(1)        that
\nthe said scrip is granted against a valid authorisation issued under para 5.28 of the
\nHandbook of Procedures (hereinafter referred to as the said authorisation) by
\nthe Regional Authority to an applicant (hereinafter referred as the
\nauthorisation holder) who opted for the scheme of Post Export EPCG Duty Credit
\nScrip:<\/p>\n

 <\/p>\n

Provided that the applicant is not
\nissued, in the year of issuance of the said authorisation, the duty credit
\nscrips under the erstwhile Status Holders Incentive Scrip (SHIS) scheme.In the case of applicant who is Common Service
\nProvider (hereinafter referred to as CSP), the CSP or any of its specific users
\nshould not be issued, in the year of issuance of the said authorisation, the
\nduty credit scrips under SHIS. This condition shall not apply where already
\navailed SHIS benefit that is unutilised is surrendered or where benefits availed under SHIS that is
\nutilised is refunded, with applicable interest, before issue of the
\nsaid authorisation. SHIS scrips which are surrendered or benefit refunded or
\nnot issued in a particular year for the reason the said authorisation has been
\nissued in that year shall not be issued in future years also;<\/p>\n

(2)        that
\nthe said authorisation is not for import under duty exemption but for import of
\nthe goods specified in the Table annexed hereto on full payment of applicable
\nduties in cash;<\/p>\n

 <\/p>\n

(3)        that
\nthe said authorisation is registered at the port of import specified in the
\nsaid authorisation and the goods, which are specified in the Table annexed
\nhereto, are imported within eighteen months from the date of issue of the said
\nauthorisation on full payment of applicable duties in cash, and the said
\nauthorisation is produced before the proper officer of customs at the time of
\nclearance of the goods for endorsement of the import particulars and in cases
\nwhere the authorisation holder has opted that the Cenvat Credit under Cenvat
\nCredit Rules, 2004 in respect of the additional duty under section 3 of the
\nCustoms Tariff Act , 1975 (51 of 1975) paid (hereinafter referred to as
\nadditional duty of customs) shall not be taken, the proper officer endorses
\n\u201cNot valid for Cenvat Credit\u201d on the bill of entry:<\/p>\n

 <\/p>\n

            Provided that the goods imported should
\nnot fall under clause (f) of paragraph 5.01 of Foreign Trade Policy:<\/p>\n

 <\/p>\n

            Provided further that catalyst for
\none subsequent charge shall be allowed, under the authorisation in which plant,
\nmachinery or equipment and catalyst for initial charge have been imported,
\nexcept in cases where the Regional Authority issues a separate authorisation
\nfor catalyst for one subsequent charge after the plant, machinery or equipment
\nand catalyst for initial charge have already been imported;<\/p>\n

 <\/p>\n

(4)       
\nthat the capital goods importedunder the said
\nauthorisation are installed and put to use, after their import, in the
\nauthorisation holder\u2019s factory or premises and at the time of registration of
\nthe said scrip a certificate, confirming such installation and use of the
\ngoods, from the jurisdictional Deputy Commissioner of Central Excise or
\nAssistant Commissioner of Central Excise, as the case may be,<\/em><\/strong>or from an independent Chartered Engineer, which
\nhas been issued prior to the date of the first application filed by the authorisation
\nholder for issuance of duty credit scrip against the said authorisation, is
\nproduced before the Deputy Commissioner of Customs or the Assistant
\nCommissioner of Customs, as the case may be:<\/p>\n

 <\/p>\n

Provided that an authorisation holder (including an authorisation
\nholder who is a CSP) registered with the Central Excise opting for the
\nindependent Chartered Engineer\u2019s certificate shall send a copy of the
\ncertificate, upon its issuance, to the jurisdictional Deputy Commissioner of Central Excise or the Assistant
\nCommissioner of Central Excise, as the case may be, as intimation or record:<\/p>\n

Provided further that in the case of
\nmanufacturer authorisation holder and merchant authorisation holder having
\nsupporting manufacturer(s) or in the case of import of irrigation equipment for
\nuse in contract farming for export of agricultural products or in the case of
\nauthorisation holder rendering services, the capital goods may be installed at
\nthe factory or premises of such other person whose name and address is
\nendorsed, prior to installation, by the Regional Authority on the said
\nauthorisation. This would apply even when Regional Authority endorses a change
\nin the factory or premises or person. The name and address of such other person
\nshall also be mentioned on the shipping bills for fulfillment of the export
\nobligation and the authorisation holder and such other person jointly and
\nseverally fulfill the export obligation and all other conditions. This shall
\nnot apply to a CSP:<\/p>\n

 <\/p>\n

            Provided also that agro units located in Agri
\nExport Zones or service providers in Agri Export Zones may move the capital
\ngoods within the Agri Export Zones under intimation to the jurisdictional Deputy
\nCommissioner of Central Excise or Assistant Commissioner of Central Excise, as
\nthe case may be, subject to the condition that the authorisation holder shall
\nmaintain accurate record of such movement;<\/p>\n

 <\/p>\n

(5)        that
\nwhere the goods imported under the said authorisation are found defective or
\nunfit for use, they may be re-exported back to the foreign supplier within three years
\nfrom the date of clearance of said goods subject to the condition that,- <\/p>\n

 <\/p>\n

(a) at the time of re-export, the goods
\nare identified to the satisfaction of the Deputy Commissioner of Customs or
\nAssistant Commissioner of Customs, as the case may be, to be the same goods
\nwhich were imported; <\/p>\n

 <\/p>\n

(b) when the re-export of the goods has been
\nmade under claim of duty drawback, no duty remission in the form of duty credit
\nscrip for the duty paid at the time of import on the re-exported goods shall be
\nallowed; <\/p>\n

 <\/p>\n

(c) after any
\nduty remission in the form of duty credit scrip has been claimed in respect of
\nthe duty paid on the goods imported under the said authorisation, no duty
\ndrawback shall be allowed when the goods are re-exported and the export
\nobligation shall also not be re-fixed;<\/p>\n

 <\/p>\n

(6)        that
\ngoods imported under the said authorisation are not disposed of or transferred
\nby sale or lease or any other manner by the authorisation holder till the date
\nof last export against which the said scrip is issued;<\/p>\n

 <\/p>\n

(7)        that
\nthe total export obligation to be fulfilled is equivalent to eighty five per
\ncent. (85%) of six times the amount which is the sum of applicable duty of
\ncustoms under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)
\npaid (hereinafter referred to as basic customs duty), additional duty of
\ncustoms, Education Cess under section 94 of the Finance (No.2) Act, 2004 (23 of
\n2004) paid and Secondary and Higher Education Cess under section 136 of the
\nFinance Act, 2007 (22 of 2007) paid on goods imported under the said
\nauthorisation, on Free On Board basis, which is to be fulfilled within an
\nexport obligation period of six years from the date of issue of the said
\nauthorisation: <\/p>\n

 <\/p>\n

Provided that additional duty of
\ncustoms shall not be taken for computation for the purpose of fixation of
\nexport obligation when the Cenvat Credit in respect of additional duty of
\ncustoms has not been taken:<\/p>\n

 <\/p>\n

Provided further that the export
\nobligation shall be 75% of the export obligation specified above when fulfilled
\nby export of following green technology products, namely, equipment for solar
\nenergy decentralised and grid connected products, bio-mass gassifier, bio-mass or waste boiler, vapour absorption chillers, waste heat
\nboiler, waste heat recovery units, unfired heat recovery steam generators, wind
\nturbine, solar collector and parts thereof, water treatment plants, wind mill
\nand wind mill turbine or engine, other generating sets – wind powered,
\nelectrically operated vehicles . motor cars, electrically operated
\nvehicles – lorries and trucks, electrically operated vehicles – motor cycle and
\nmopeds, and solar cells:<\/p>\n

 <\/p>\n

Provided also that for units located
\nin Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram,
\nNagaland, Sikkim and Tripura, the export obligation shall be 25% of the export
\nobligation specified above:<\/p>\n

 <\/p>\n

Provided also that where a sick unit holding  said authorisation is notified by the Board
\nfor Industrial and Financial Reconstruction (BIFR) or where a rehabilitation
\nscheme is announced by the concerned State Government in respect of sick unit
\nholding  said authorisation for its
\nrevival, the export obligation may be fulfilled within time period allowed
\nby the Regional Authority as per the rehabilitation package prepared by the
\noperating agency and approved by BIFR or rehabilitation department of State
\nGovernment. In cases where the time period is not specified in the
\nrehabilitation package, the export obligation may be fulfilled within the
\nperiod specified in paragraph 5.05 of the Foreign Trade Policy;<\/p>\n

 <\/em><\/strong> <\/p>\n

(8)        that
\nthe duty remission granted as duty credit in the said scrip bears the same
\nproportion to the amount which is the basic customs duty on the goods imported
\nunder the said authorisation which were considered for fixation of export
\nobligation, as the extent of export obligation fulfilled (over and above the
\naverage export obligation) bears to the total export obligation:<\/p>\n

 <\/p>\n

Explanation
\n1. – For the purpose of condition
\n(8),-<\/p>\n

 <\/p>\n

(a)
\nthe amount of duty remission shall not include the duty paid,
\nany portion of which has been rebated, including by way of duty drawback;<\/p>\n

 <\/p>\n

(b)
\nthe amount of duty remission shall not include the duty paid
\nwhich are not assessed finally;<\/p>\n

 <\/p>\n

(c)
\nextent of export obligation fulfilled shall be the export obligation fulfilled
\ntill the last export included in the said scrip less the export obligations
\nfulfilled that have been counted towards the previously issued duty credit
\nscrips against the said authorisation;<\/p>\n

 <\/p>\n

(d)
\nin condition (c) above, the export obligation fulfilled till
\nthe last export included in the said scrip shall be taken as the total export
\nobligation fulfilled in the following cases –<\/p>\n

 <\/p>\n

(i) where the authorisation holder fulfills
\nseventy five per cent. (75%)
\nor more of the export obligation as specified in condition (7) [over and above
\nhundred per cent. (100%) of the average export
\nobligation], within half of the period specified for export obligation as
\nmentioned in said condition (7), in which case the balance export obligation
\nshall stand condoned;<\/p>\n

 <\/p>\n

(ii) where
\nthe Regional Authority regularizes shortfall, in the export obligation as
\nspecified in condition (7), not exceeding five per cent. (5%) of such export
\nobligation, in which case the said shortfall shall be condoned;<\/p>\n

 <\/p>\n

(e) Explanation 2 to this
\nnotification relating to \u2018Export obligation\u2019 shall apply severally to each duty credit scrip, including the said scrip, issued against the said authorisation;<\/p>\n

 <\/p>\n

(f) the exports and supplies made within
\nthe export obligation period specified in condition (7) shall count towards
\nfulfillment of export obligation;<\/p>\n

 <\/p>\n

(g) for fulfillment of export obligation,
\nthe payments against exports or supplies should have been realised.<\/p>\n

 <\/p>\n

(9)        that
\nwhere the first proviso to condition (7) is applied, the Cenvat Credit in
\nrespect of additional duty of customs shall not been taken and at the time of
\nregistration of the said scrip a certificate, from the jurisdictional Deputy
\nCommissioner of Central Excise or Assistant Commissioner of Central Excise, as
\nthe case may be, to the effect that Cenvat Credit in respect of additional duty
\nof customs on goods imported under the said authorisation has not been taken,
\nis produced by the authorisation holder before the Deputy Commissioner of
\nCustoms or the Assistant Commissioner of Customs, as the case may be: <\/p>\n

 <\/p>\n

Provided that when the authorisation
\nholder is not registered with Central Excise, he may produce the said
\ncertificate on self-certification basis;<\/p>\n

 <\/p>\n

(10)       that
\nthe duty remission in the said scrip does not relate to duties paid on the
\nimports made under the said authorisation which have not been installed and put
\nto use;<\/p>\n

 <\/p>\n

(11)       that
\nthe duty remission in the said scrip has not been obtained as a consequence of
\nindigenous sourcing of capital goods;<\/p>\n

 <\/p>\n

(12)       that
\nthe said scrip is issued, on request of the authorisation holder in form ANF5B for duty remission, by the
\nRegional Authority specifying the same port of registration as mentioned in the
\nsaid authorisation and it indicates details of the said authorisation, total
\nexport obligation fixed and its calculation, details of previous duty credit
\nscrips issued against the said authorisation and the calculation of duty
\ncredit;<\/p>\n

 <\/p>\n

(13)       that the imports under the said
\nauthorisation, the exports for fulfilling the export obligations and import of
\ngoods against the said scrip are undertaken through the seaports, airports or
\nthrough the inland container depots or through the land customs stations as
\nmentioned in the Table 2 annexed to the Notification No 16\/ 2015- Customs dated 01.04.2015or a
\nSpecial Economic Zone notified under section 4 of the Special Economic Zones
\nAct, 2005 (28 of 2005):<\/p>\n

Provided that the Commissioner of
\nCustoms may, by special order or a public notice and subject to such conditions
\nas may be specified by him, permit import and export through any other
\nsea-port, airport, inland container depot or through a land customs station
\nwithin his jurisdiction;  <\/p>\n

 <\/p>\n

(14)       that
\nfor the purposes of registration, the said scrip is produced by the
\nauthorisation holder at the specified port of registration before the Deputy
\nCommissioner of Customs or the Assistant Commissioner of Customs, as the case
\nmay be, along with \u2013<\/p>\n

 <\/p>\n

(a)        the
\nsaid authorisation and the bill(s) of entry under which the imports under the
\nsaid authorisation were made on payment of applicable duties in cash;<\/p>\n

 <\/p>\n

(b)        evidence showing the extent of export obligation fulfilled within
\nthe export obligation period; <\/p>\n

 <\/p>\n

(c)        certificate confirming installation and use as prescribed in condition
\n(4) above; <\/p>\n

 <\/p>\n

(d)        certificate that Cenvat Credit has not been taken as prescribed in
\ncondition (9) above, where applicable; <\/p>\n

 <\/p>\n

(e)        undertaking from the authorisation holder to the effect that,-<\/p>\n

 <\/p>\n

(i)            
\nthe goods imported under the said
\nauthorisation have not been disposed of or transferred by sale or lease or any
\nother manner till the date of last export against which the said scrip is
\nissued; <\/p>\n

 <\/p>\n

(ii)           
\nthe duty remission in the said scrip
\ndoes not include the duty paid, any portion of which has been rebated,
\nincluding by way of duty drawback; and<\/p>\n

 <\/p>\n

(iii)          
\nall the conditions have been
\ncomplied with respect to the duty credit in the said scrip, <\/p>\n

 <\/p>\n

and the said Deputy Commissioner or
\nAssistant Commissioner, as the case may be, upon being satisfied, allows the
\nsaid scrip to be registered and the Customs authority endorses details of the
\nsaid scrip and the remark \u201cDrawback not available on re-export\u201d on the bill(s)
\nof entry, and registers the said scrip;<\/p>\n

 <\/p>\n

(15)       that
\nthe said scrip and goods imported against it shall be freely transferable;<\/p>\n

 <\/p>\n

(16)       that
\nthe said scrip is produced before the proper officer of customs at the time of
\nclearance for debit of the duties leviable on the goods and the proper officer
\ntaking into account the debits already made under this exemption and the debits
\nmade under the notification No. 18 of 2015 – Central Excise, dated the 1st<\/sup>
\nApril, 2015, debits the duties leviable on the goods, but for this
\nexemption;<\/p>\n

 <\/p>\n

(17)       that
\nthe validity of the said scrip shall be eighteen months from the date of issue
\nand the said scrip shall be valid on the date on which actual debit of duty is
\nmade;<\/p>\n

 <\/p>\n

(18)       that
\nwhere the importer, under this notification, does not claim exemption from the
\nadditional duty of customs leviable under section 3 of the Customs Tariff Act,
\n1975 (51 of 1975) he shall be deemed not to have availed the benefit under this
\nnotification for the purpose of calculation of the said additional duty of
\ncustoms;<\/p>\n

 <\/p>\n

(19)       that
\nthe benefit under this notification shall not be available to the items listed
\nin Appendix 3A
\nof Appendices and AyatNiryat Forms; <\/p>\n

 <\/p>\n

(20)       that
\nthe importer shall be entitled to avail of the drawback of the duty of Customs
\nleviable under the First Schedule to the said Customs Tariff Act against the
\namount debited in the said scrip;<\/p>\n

 <\/em><\/p>\n

(21)       that
\nthe importer shall be entitled to avail of the drawback or Cenvat credit of
\nadditional duty leviable under section 3 of the said Customs Tariff Act against
\nthe amount debited in the said scrip.<\/p>\n

 <\/p>\n

Explanation
\n2. – For the purpose of this
\nnotification, –<\/p>\n

 <\/p>\n

(A) \u201cCapital goods\u201d has the same
\nmeaning as assigned to it in paragraph of 9.08 of the Foreign Trade Policy;<\/p>\n

 <\/p>\n

(B) \u201cCommon Service Provider\u201d (CSP)
\nmeans a service provider who is designated or certified as a Common Service
\nProvider by the Director General of Foreign Trade (DGFT), Department of
\nCommerce or State Industrial Infrastructural Corporation in a Town of Export
\nExcellence;<\/p>\n

 <\/p>\n

(C)  \u201cExport obligation\u201d,-<\/p>\n

 <\/p>\n

(I)         means
\nobligation on the authorisation holder to export to a place outside India,
\ngoods manufactured or capable of being manufactured or services rendered by the
\nuse of capital goods imported under the said authorisation and the export
\nobligation shall be over and above the average level of exports achieved by the
\nauthorisation holder in the preceding three licensing years for the same and
\nsimilar products within the export obligation period and such average shall be
\nthe arithmetic mean of export performance in the last three years for the same
\nand similar products:<\/p>\n

 <\/p>\n

Provided that in case of export of
\ngoods relating to handicraft, handlooms, cottage, tiny sector, agriculture,
\nanimal husbandry, floriculture, horticulture, pisciculture, viticulture,
\npoultry, sericulture, carpet, coir and jute, the authorisation holder shall not
\nbe required to maintain the average level of exports:<\/p>\n

 <\/p>\n

Provided further that in case of
\nexport of goods relating to aquaculture (including fisheries), the
\nauthorisation holder shall not be required to maintain the average level of
\nexports subject to the condition that said authorisation has been obtained for
\ngoods other than fishing trawlers, boats, ships and other similar items:<\/p>\n

 <\/p>\n

Provided also that the goods,
\nexcepting tools, imported under said authorisation by the aforesaid sectors,
\nshall not be allowed to be transferred for a period of five years from the date
\nof imports even in cases where export obligation has been fulfilled:<\/p>\n

 <\/p>\n

Provided also that exports made to
\nsuch countries as notified by Director General of Foreign Trade, shall not be
\ncounted for fixing the average level of exports:<\/p>\n

 <\/p>\n

Provided also that exports against
\nonly such shipping bills which mention the authorisation number and date of the
\nsaid authorisation shall be counted for the fulfillment of the export
\nobligation;<\/p>\n

 <\/p>\n

Provided also that in the case of
\nauthorisation issued to a CSP, –<\/p>\n

 <\/p>\n

(i)            
\nthe reference to \u2018authorisation
\nholder\u2019 in this Explanation shall be taken to mean a reference to \u2018CSP and
\nspecific users whose details are informed prior to export by CSP to the
\nRegional Authority\u2019;<\/p>\n

 <\/p>\n

(ii)           
\nfor the exports by users of the
\ncommon service to be counted towards fulfillment of export obligation of CSP,
\nthe respective shipping bills of the users of common service shall contain the
\nauthorisation details of the CSP and the concerned Regional Authority shall be
\ninformed about the details of the users prior to such export; and<\/p>\n

 <\/p>\n

(iii)          
\nthe exports counted against the
\nauthorisation shall not be counted towards fulfillment of other specific export
\nobligations against all other authorisations<\/em><\/strong>issued under Chapter 5 of the Foreign Trade Policy, including
\npara 5.28
\nof Handbook of Procedures;<\/em><\/strong><\/p>\n

 <\/p>\n

(II)         shall
\nbe fulfilled through physical exports and the export proceeds realised in freely convertible currency. However the following
\ncategories of supplies shall also be counted towards fulfillment of export
\nobligation:<\/p>\n

 <\/p>\n

(a)          
\ndeemed exports, namely:-<\/p>\n

 <\/p>\n

(i)         supply of goods against Advance
\nAuthorisation or Advance Authorisation for annual requirement or Duty Free
\nImport Authorisation Scheme;<\/p>\n

(ii)         supply of goods to Export Oriented Units
\nor Software Technology Parks or Electronic Hardware Technology Parks or
\nBiotechnology Park;<\/p>\n

 <\/p>\n

 (iii)       supply
\nof goods to projects financed by multilateral or bilateral agencies or funds as notified by Department of Economic
\nAffairs, Ministry of Finance<\/strong>under International Competitive Bidding (ICB) in
\naccordance with the procedures of those agencies or funds, where legalagreements
\nprovide for tender evaluation without including customs duty;<\/p>\n

\n (iv)       supply
\nand installation of goods and equipment (single responsibility of turnkey
\ncontracts) to projects financed by multilateral or bilateral agencies or funds as notified by
\nDepartment of Economic Affairs, Ministry of Finance <\/strong>under ICB in
\naccordance with the procedures of those agencies or funds, where bids may have
\nbeen invited and evaluated on the basis of Delivered Duty Paid (DDP) prices for
\ngoods manufactured abroad;<\/p>\n

\n (v)       supply
\nof goods to any project or purpose in respect of which the Ministry of Finance,
\nby Notification No. 12\/2012-Customs dated 17-3-2012, as <\/em><\/strong>amended from time to
\ntime, permits import of such goods at zero customs duty subject to conditions
\nspecified in the said Notification and the supply is made under ICB procedure; <\/p>\n

(vi)        supply
\nof goods required for setting up of any of the mega power projects specified in
\nthe list 32A at Sl. No. 507 of Notification No. 12\/2012- Customs dated
\n17.03.2012, as amended from time to time, provided the mega power project
\nconforms to the threshold generation capacity specified in the  said Notification. The supply should be made
\nunder ICB procedure. The ICB condition shall not be mandatory if the requisite
\nquantum of power has been tied up through tariff based competitive bidding or
\nif the project has been awarded through tariff based competitive bidding; <\/p>\n

 <\/p>\n

(vii)       Supply of
\ngoods to nuclear power projects through National Competitive Bidding (NCB) or
\nthrough ICB as provided in clause(h) of para 7.02 of Foreign Trade Policy:<\/p>\n

 <\/p>\n

(b) supply of ITA-1 items to Domestic Tariff
\nArea, provided realisation is in free foreign exchange;<\/p>\n

 <\/p>\n

(c) royalty payments
\nreceived in freely convertible currency and foreign exchange received for
\nResearch and Development (R&D) services; and<\/p>\n

 <\/p>\n

(d) payments received in Rupee terms for such
\nservices as are specified in paragraph 5.04(h) of the Foreign Trade Policy.<\/strong><\/p>\n

 <\/p>\n

(D)
\n“Foreign Trade Policy” means the Foreign Trade Policy, 2015-2020,
\npublished by the Government of India in the Ministry of Commerce and Industry
\nvide notification
\nNo.   01\/2015-2020, dated the 1st<\/sup> April
\n2015 as amended from time to time;<\/p>\n

(E) \u201cHandbook of Procedures\u201d means
\nthe Handbook of Procedures 2015-20 published by the Government of India in the
\nMinistry of Commerce and Industry vide public notice No. 01\/2015-2020, dated the 1st<\/sup> April 2015 as amended
\nfrom time to time; <\/p>\n

 <\/p>\n

(F) \u201cManufacture\u201d has the same
\nmeaning as defined in clause (f) of section 2 of the Central Excise Act, 1944
\n(1 of 1944);<\/p>\n

 <\/p>\n

(G) \u201cRegional Authority\u201d means the
\nDirector General of Foreign Trade appointed under section 6 of the Foreign
\nTrade (Development and Regulation) Act, 1992 (22 of 1992) or an officer
\nauthorized by him to grant an authorisation including a duty credit scrip under
\nthe said Act; <\/strong><\/p>\n

Table<\/strong><\/p>\n\n\n\n\n\n\n\n\n
\n

S. No.<\/strong><\/p>\n<\/td>\n

\n

Description of goods<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

(1)<\/strong><\/p>\n<\/td>\n

\n

(2)<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

1.<\/p>\n<\/td>\n

\n

Capital goods for pre-production,
\n production and post-production<\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/p>\n<\/td>\n

\n

Capital goods in Semi Knocked Down (SKD) \/
\n Completely Knocked Down (CKD) conditions to be assembled into capital goods
\n by the authorisation holder <\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/p>\n<\/td>\n

\n

Spareparts
\n of goods specified at Serial Nos.1 and 2 as actually imported and required
\n for maintenance of capital goods so imported, assembled, or manufactured<\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/p>\n<\/td>\n

\n

Spare parts required for the existing plant
\n and machinery of the authorisation holder<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 [F.No.605\/55\/2014-DBK]<\/p>\n

 <\/p>\n

 <\/p>\n

(Sanjay
\nKumar)<\/p>\n

Under
\nSecretary to the Government of India<\/p>\n","protected":false},"excerpt":{"rendered":"

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[29],"yoast_head":"\nConditions for exemption of goods when imported into India against a Post Export EPCG - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/exim\/conditions-for-exemption-of-goods-when-imported-into-india-against-a-post-export-epcg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conditions for exemption of goods when imported into India against a Post Export EPCG - 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