epcg scheme

Section 15(1)(b) would be applicable only when the goods are cleared from the warehouse under Section 68 of the Act, i.e., within the initially permitted period or during the permitted extended period. It is trite to say that when the goods are clear Full Article

Circular No. 12 /(RE-2010) 2009-14, Dated: 17 .01.2011 Subject:- Clarifications on issues pertaining to EPCG Scheme raised in the Port  Officers’ Meeting held  on 03.12.2010. Apropos the discussions in ‘Port Officers’ meeting held on  03.12.2010 wherein, among others,  a number of issues relating to EPCG Scheme were raised by Regional Authorities. The issues are clarified as [...] Full Article

A representation has been received from Zonal Joint Director General of Foreign Trade, Mumbai Office seeking clarification regarding calculation of Foreign Exchange earned for redemption of EPCG Authorizations issued to Service Providers in terms of provisions ofCircular No. 25 dated 01.01.2008. Full Article

EPCG-Before the aforesaid company availed of the benefit of 10% duty of customs scheme in April 1999, the government had introduced a 0% duty of customs scheme with effect from April 1, 1999. The benefit of the above scheme was made available for the period from April 1, 1999 to March 31, 2000. But no notification was issued to that effect in exercise of powers conferred by sub-section (1) of Section 25 of the Customs Act, 1962. Full Article