Capital Goods imported under EPCG Licence
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we have imported capital goods under EPCG licence for installation of Wire Rod Mill. Material was imported gradually from 2008 to 2009. In such case when the period of 6 months for obtaining installation certificate from completion of import will start. what will be the competion of import date in such case.
Timeline for Installation Certificate of EPCG Imports: Obtain Within 6 Months; Justify Delays to Excise Department A query was raised regarding the timeline for obtaining an installation certificate for capital goods imported under an EPCG license for a Wire Rod Mill, with imports occurring from 2008 to 2009. The response clarified that the installation certificate must be obtained within six months from the date of import. Import details should be submitted to the local Excise Department upon receipt of the goods. If installation exceeds six months, a justification must be provided to the Excise Department. It was noted that installation is not related to the commencement of commercial production. (AI Summary)