Importability of passenger vehicles: EPCG licences require a bank guarantee for tourism-sector applicants regardless of status. Travel agents, tour operators and tourist transport operators certified as eligible under notifications may import motor cars, SUVs and all-purpose vehicles under the EPCG Scheme only if any licence issued is secured by a bank guarantee covering the full duty saved amount; for zero duty EPCG licences, CIF value increases are not permitted though item substitutions, additions or deletions may be allowed provided the licence's CIF value is not exceeded.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Importability of passenger vehicles: EPCG licences require a bank guarantee for tourism-sector applicants regardless of status.
Travel agents, tour operators and tourist transport operators certified as eligible under notifications may import motor cars, SUVs and all-purpose vehicles under the EPCG Scheme only if any licence issued is secured by a bank guarantee covering the full duty saved amount; for zero duty EPCG licences, CIF value increases are not permitted though item substitutions, additions or deletions may be allowed provided the licence's CIF value is not exceeded.
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