Duty Exemption/EPCG Scheme Clarifications on recent changes
Circular No.131/1995-Cus.date 20/12/1995Subject : Amendment of Notifications under Duty Exemption Scheme and EPGG Scheme for recovery of interest in case of default
Attention is invited to Ministry's telex of even number dated the 21st Sept, 1995 where by amendments made to Notifications under Duty Exemption Scheme Export Promotion Capital Goods (EPCG) Scheme were communicated. Copies of the Notification Nos. 140/95-Customs to 147/95-Customs all dated 19th September, 1995 have also been forwarded with post copy of the said telex. These notifications have amended respectively Notifications No. 107/95-Customs, 80/95-Customs, 106/95-Customs, 10/95-Customs, 128/94-Customs, 110/95-Customs and 79/95-Customs.
2. The effect of the amendments are as under:-
(a) The requirements of execution of Bond/Legal Undertaking with the Licencing authorities and production of evidence in this regard has been done away with.
(b) In case of non-fulfilment of the conditions of the notifications, interest at the rate of 24% per annum on the duty becoming payable shall also be recoverable from the date of clearance of imported goods till the date of payment; and
(c) The exporter will be required to produce evidence to the satisfaction of the Assistant Commissioner of Customs regarding discharge of export obligation (other than the certificate from the Licencing authority) and compliance with other conditions of the notifications.
3. The requirements of seeking a certificate from the Licencing authority in evidence of export obligation has been done away with and the exporter is now required to produce evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs directly. Such evidence in case of exports made under Duty Exemption Scheme should be in Part F of DEEC Book by the proper officer of the Customs supported by DEEC (triplicate) copy of the relevant Shipping Bills and Bills of Lading. Under the E.P.C.G. Scheme, a statement of exports signed by The exporter and certified by the Chartered Accountant, supported by export of Shipping Bills with respective Bills of Lading could be accepted as evidence of discharge of export obligation. The statement should also include a declaration from the exporters confirming that goods exported were manufactured using the capital goods imported under the E.P.C.G. particular licence.
4. Changes made in the notifications may please be brought to the notice of public through suitable public Notice and also departmental orders issued for guidance of the staff.
Sd/-
(A.K.Madan)
Under Secretary to the Govt. of India)
F.No. 605/166/95
Presented by eximkey.com