EPCG Scheme changes expand capital goods, recognise supplies to energy sectors as deemed exports and adjust export obligations. Changes to the EPCG Scheme permit import of jigs, fixtures, dies and moulds as capital goods within a capped proportion of licence value; treat supplies to power, oil and gas sectors as deemed exports for EPCG export-obligation fulfilment; reduce eligibility thresholds and set sector-specific export-obligation multipliers and a six-year discharge schedule with phased proportions; provide automatic revalidation of zero-duty EPCG licences with adjusted export obligations based on actual utilisation, while bonds or bank guarantees remain payable only after revised obligations are met.
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EPCG Scheme changes expand capital goods, recognise supplies to energy sectors as deemed exports and adjust export obligations.
Changes to the EPCG Scheme permit import of jigs, fixtures, dies and moulds as capital goods within a capped proportion of licence value; treat supplies to power, oil and gas sectors as deemed exports for EPCG export-obligation fulfilment; reduce eligibility thresholds and set sector-specific export-obligation multipliers and a six-year discharge schedule with phased proportions; provide automatic revalidation of zero-duty EPCG licences with adjusted export obligations based on actual utilisation, while bonds or bank guarantees remain payable only after revised obligations are met.
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