Import of Capital Goods under EPCG on lease financing

[Abhijeet Mane]

Whether the benefit of EPCG scheme shall be admissible for the import of capital goods under the finance lease?

[Raghunandhaanan rvi]

Sir

Import under Lease financing is available only to EOU and SEZ as per Para 2.32 of HBP in force. However, duty exemption is available for the import of goods on a lease basis for a certain period under Customs Notification No. 72/2017 dated 16.08.2017 subject to conditions mentioned therein.

[KASTURI SETHI]

Sh.Raghunandhaanan Rvi Ji,

I concur with your views. Thanks a lot for your appearance and contribuntion in this forum. It matters a lot to the visitors.

[Raghunandhaanan rvi]

Dear Kasturi Sethi Sir,

Many thanks for your appreciation. I shall do my best to share the knowledge I have gained in my professional field for the betterment of the readers on this platform.

AI Summary

Eligibility of Importing Capital Goods via Lease Financing Under EPCG Scheme Clarified for EOUs and SEZs A query was raised regarding the eligibility of importing capital goods under the EPCG scheme via lease financing. It was clarified that such imports are permissible only for EOUs and SEZs as per the current Handbook of Procedures. However, a customs notification allows duty exemption for leased imports under specific conditions. The discussion included acknowledgments between participants, expressing gratitude for shared insights and contributions to the forum.