Sponsored
    Follow Us:
Sponsored

File No.01/36/218/81/AM-09/Pol.V/EPCG-II

Government of India

Ministry of Commerce and Industry

Directorate General of Foreign Trade

(EPCG-II Section)
Policy Circular No. 61 (RE-2008/2004-09)         

Dated 13.02.2009

Subject:-  Import of Construction Equipment under EPCG Scheme.

Representations have been received from  Regional Authorities and individual firms  seeking clarification on import of  Construction Equipment viz. Crane & Mobile Cranes etc  under Export Promotion Capital Goods (EPCG) Scheme.

2. The matter has been examined  and it is clarified that import of  construction equipment is not allowed only for construction activities for building factory/project by the EPCG  authorization  applicant. The import of construction equipments shall only be permitted to  Service providers subject to following conditions:-

i)   Such equipments  are used to provide Services as mentioned in Appendix X of Handbook of Procedures-vol-1; and

ii)Payments  for the services rendered through  construction equipments are received in Free Foreign Exchange or  in Indian Rupees which are  otherwise considered  as having being paid for in free foreign exchange by RBI, as per  Sub Para (iv) of Para 9.53 of Foreign Trade Policy.

3. This issues with the approval of Director General of  Foreign Trade.

(Akash Taneja)

Joint Director General of Foreign Trade

To,

All Regional Authorities/ All Custom Authorities/All concerned.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031