Dayal R Kundani
Source: Directorate General of Foreign Trade
Sub: FTP – EPCG – installation of capital goods – extension of time
Act /Not/Circular: 48/2009-2014 (RE- 2013), Dated: 10.01.2014
Contents:
Relaxation in time limit for submission of Installation Certificate by granting extension in the current provisions
The existing provision reads as under:
Para 5.3.1 of the Handbook of Procedure Vol.I, 2009-2014,:
Authorization holder shall produce to the concerned RA a certificate from the Jurisdictional Central Excise Authority, confirming installation of Capital Goods at factory/premises of authorization holder or his supporting manufacturer(s)/vendor(s) within six months from date of completion of import.
The Change
The DGFT has amended this para to add the following sentence.
However, extension in time for Installation of Capital Goods upto a maximum period of 18 months from the date of completion of import may be considered by the concerned RA.
Thus the Regional Authorities are now empowered to extend the time for installation of Capital Goods.
The respective Public Notice is appended below for ready reference
(To be published in The Gazette of India Extraordinary Part-I-Section-1)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi
PUBLIC NOTICE NO. 48/2009-2014 (RE- 2013), Dated: January 10, 2014
Sub: Amendment in Para 5.3.1 of Handbook of Procedure Vol.I, 2009-2014.
In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby makes the following amendment in sub-para (a) of para 5.3.1 of the Handbook of Procedure Vol.I, 2009-2014:
2. Existing sub-para (a) of para 5.3.1 shall be replaced and the amended sub-para shall read as under (new sentence being added at the end of the para is in bold letters for easy reference):
“(a) Authorization holder shall produce to the concerned RA a certificate from the Jurisdictional Central Excise Authority, confirming installation of Capital Goods at factory/premises of authorization holder or his supporting manufacturer(s)/vendor(s) within six months from date of completion of import. However, extension in time for Installation of Capital Goods upto a maximum period of 18 months from the date of completion of import may be considered by the concerned RA.”
Effect of this Public Notice: Power for extension in time for installation of Capital Goods is being delegated to regional authorities.
File No. 01/36/218/159/AM-14/EPCG-I
(Anup K Pujari)
Director General of Foreign Trade
——————
( Author can be reached at dayalkundani@gmail.com)
Is there any notification regarding extension of time for submission of Installation Certificate against capital goods imported under SHIS scheme?