Transfer of machine to other branch - purchased under EPCG

[NAUSHERAWAN SM]

Dear Sir,

Let me know the procedure to transfer of machine to sister concern purchased under EPCG licence but EPCG obligation not completed.

Thanks,

S.M.Nausherawan

AI Summary

Guidance on Transferring EPCG Licensed Machine: Seek DGFT Approval, Notify Excise, Sales Tax, and Directorate of Industries. A query was raised about transferring a machine to a sister branch when purchased under an EPCG license, with obligations still pending. One respondent advised obtaining approval from the DGFT in Delhi and notifying the excise division, including surrendering and reissuing the installation certificate. Another added that if sales tax or VAT benefits were availed, permission from the sales tax department and notification to the Directorate of Industries are necessary. A third participant expressed gratitude for the shared insights.