5.28
Post Export EPCG Duty Credit Scrip(s)
(a) Exporters can exercise this option by filing an application in ANF5A with the RA concerned by selecting the option for this Scheme.
(b) All applicable duties shall be paid in cash by the exporter at the time of import of Capital Goods.
(c) RA shall issue an Authorisation specifying
(i) "Not for imports" on the body of the Authorisation;
(ii) Average EO, if any;
(iii) Specific EO @ 85% of the applicable specific EO, computed as if the imports were to take the benefit of duty exemption; and
(iv) EOP, which shall commence from the Authorisation issue date.
(d) Exporter can file request, in ANF5B, for issuance of Duty Credit Scrip(s) in proportion to the EO completed within the specified EOP. Only for first such request, proof of actual duty payments on Capital Goods (including proof of duty in respect of CENVAT availed or otherwise), nexus and installation certificate(s) of Capital Goods shall be submitted alongwith proof of fulfilment of EO alongwith proof of maintenance of Average EO. Subsequently, only proof of fulfilment of specific EO (alongwith proof of maintenance of Average EO) additionally completed vis-Ã -vis specific EO fixed {as in c(iii) above} may be submitted, unless there have been any changes in documents / proofs submitted earlier.
(e) RA shall issue freely transferable duty credit scrip(s) equivalent to proportionate EO fulfilled.
(f) The computation of freely transferable Duty Credit Scrip(s) will be based on basic Customs duty amount paid.
(g) Where the exporter has obtained post-export EPCG authorisation declaring that he shall not avail CENVAT Credit, the Export Obligation shall be fixed with reference to the basic Customs duty paid. In such cases Duty Credit Scrip will be issued based on the certificate from Central Excise regarding non-availment of CENVAT credit. Such certificate from central excise regarding non-availing of CENVAT credit will not be required where the unit is not registered with central excise.
(h) All provisions of the existing EPCG Scheme shall apply insofar as they are not inconsistent with this scheme.
(i) The CG imported under paragraph 5.12 of FTP shall not be disposed of till the date of last export for offsetting EO against such CG.
(j) In case of re-export of CG found defective or unfit for use as per the provisions of paragraph 5.25 of HBP if the exporter claims drawback on such re-export there would be no remission of duty under paragraph 5.12 of FTP.