5.3

The applicant may apply for EPCG licence to the competent authority on the basis of self declaration subject to final fixation of nexus by Hqrs. EPCG Committee as per the financial power given in the table below. The applicant shall give an undertaking that in case the Hqrs EPCG Committee disallows the Capital Goods including Jigs, fixtures, dies, moulds and spares, the license holder shall pay Customs duty together with 15% interest on such goods.

CIF Value	Competent Authority
Upto Rs. 50 Crore.	Regional Licensing Authority concerned
Above Rs. 50 Crore	Headquarters EPCG Committee