Partial TED Refund

[Asked by Guest]

We have purchased domestic capital goods under Invalidation of EPCG. As is known, we have to pay the excise and subsequently claim refund for the same from DGFT via separate application.

The license we had opened was for 17 machines but we have currently taken delivery of 4. The balance will start after some time. Is it possible to claim a refund of the 4 machines only or do we have to wait till completion of full import quantity before claiming refund?

[DR.MARIAPPAN GOVINDARAJAN]

Have you got clarified in this issue? If not please inform.

AI Summary

Partial refund of excise duty for part-delivered capital goods under EPCG may be claimed after payment via DGFT application.
Query whether excise duty paid on domestically procured capital goods under the EPCG mechanism may be refunded in respect of only the portion of the licensed quantity actually delivered, given that excise is paid on procurement and refund is obtained later by separate application to the DGFT; the record notes the license authorises a larger quantity than delivered and asks if partial refund applications for received machines are permissible or if refund must await full completion of licensed imports.