DGFT allows a Condonation in Submission of Installation Certificate under EPCG Scheme
Installation Certificate is a mandatory document, that is required to claim the benefits of the EPCG Scheme (Export Promotion Capital Goods), it serves as a proof that the imported machinery under EPCG Scheme is installed at the location mentioned on the EPCG License. This Certificate has to be submitted to the concerned authorities within 6 months of the date of import.
DGFT has received many requests from EPCG License Holders to issue a relaxation in the timeline for submission of the installation certificate to the respective Regional Authorities.
After taking the issue in consideration, the DGFT issued a relaxation in the timeline for submission of Installation Certificate. The EPCG License holders who have obtained EPCG License under the Foreign Trade Policy of 2009-14 and 2015-2020 (which was extended till 31.03.2023) can submit installation certificates by 31.12.2023 with a payment of late fees of INR 10,000/- per license. The eligibility criteria for the same is as below:
- The EPCG License should be issued under the Foreign Trade Policy 2009-14 and 2015-20.
- The installation certificate was obtained in time but not submitted with concerned authorities
- The EPCG License holders have valid reasons behind not submitting the installation certificate
- The EPCG license of the holder is not under investigation by DGFT/Customs or any other investigating agency.
And for more recent updates on DGFT please visit:
www.avigroup.in
DGFT
Legal
Company Secretarial
DGFT Notifications
Others
Recent Posts
- Import of Pocket Lighter Parts Now Restricted
- Central Government permits export of Non-Basmati White Rice to Namibia through NCEL
- Launch of Steel Import Monitoring System (SIMS) 2.0
- DGFT amends policy condition under ITC (HS) code for Potatoes
- CPCB extends date to file Annual Returns for EPR Plastic
- DGFT modifies SION E-125 consisting export of SHEA STEARINE
- DGFT amends the Jewellery SION Norms under the HBP, 2023
- DGFT restricts imports of all Electronic and IT Goods
FeATURED ARTICLES
Import of Pocket Lighter Parts Now Restricted The Central Government amends the import policy for the following HS Codes covered…
Central Government permits export of Non-Basmati White Rice to Namibia through NCEL The Central Government permits export 1000 MTs of…
Launch of Steel Import Monitoring System (SIMS) 2.0 DGFT informs that Ministry of Steel, proposes to launch an updated version…
DGFT amends policy condition under ITC (HS) code for Potatoes The Central Government makes amendment in the Policy Condition for…
