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Clarification in respect of "not permitting" the import of the capital goods required for "distribution of electrical energy (power)" under the EPCG Scheme
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EPCG prohibition on importing capital goods for power distribution confirmed, covering generation, transmission and distribution supply.
Clarification confirms EPCG authorisations do not permit import of capital goods for activities relating to the supply of electrical energy; transmission and distribution are treated as the same supply process, and Sr. No. 12 in Appendix 5F of FTP 2015-20 excludes capital goods for generation, transmission and distribution from EPCG eligibility.
Rationalization of procedures in handling redemption requests under Advance/EPCG Authorizations
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Redemption procedure update: applicants must declare EDI and Non-EDI shipping bill counts when applying under Advance/EPCG authorizations.
Applicants seeking redemption under Advance and EPCG authorizations must declare the number of EDI Shipping Bills and the number of Non-EDI Shipping Bills on amended ANF-4F and ANF-5B; the Public Notice inserts a new declaration item in each form so that the forms explicitly capture the composition of shipping bills submitted in support of redemption requests.

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Acts Income Tax