We have imported spares under zero duty Export Promotion of Capital Goods (EPCG) scheme. As per the Customs Notification No. 64/2008 – Customs dated 09.05.2008, the installation certificate for spares is required to be produced to Customs authorities within a period of three years from the date of importation. We have installed some spares after lapse of three years from the date of importation. The Excise authority is asking us to pay appropriate duty on these spares. Kindly advice whether we have to pay duty or any other alternative to save the duty?
Regards,
VINAY