EPCG scheme amendments require additional fee for excess CIF and duty plus interest for under utilisation. Amendments to the Handbook require originals of applications for committee consideration to be filed with regional licensing authorities and attested copies with committees; additional fee where CIF utilised exceeds licence CIF; obligatory payment of full customs duty plus 24% interest per annum if EPCG utilisation is below 90% of the zero duty threshold with proof to the licensing authority within one month; clarification that 24% interest means 24% per annum. Procedural updates address endorsements, DEPB transferability, appendices for certification agencies, and delegated consideration for Electronics and Software EPCG applications.
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.
EPCG scheme amendments require additional fee for excess CIF and duty plus interest for under utilisation.
Amendments to the Handbook require originals of applications for committee consideration to be filed with regional licensing authorities and attested copies with committees; additional fee where CIF utilised exceeds licence CIF; obligatory payment of full customs duty plus 24% interest per annum if EPCG utilisation is below 90% of the zero duty threshold with proof to the licensing authority within one month; clarification that 24% interest means 24% per annum. Procedural updates address endorsements, DEPB transferability, appendices for certification agencies, and delegated consideration for Electronics and Software EPCG applications.
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