GENSET UNDER EPCG

[Ram Babu]

Dear All

Pl suggest can we purchase generator from indian vendors under EPCG Scheme

[Snehal Kulkarni]

 

An EPCG holde can procure the Goods domestically against the Invalidation Letter issued by DGFT against the said EPCG Lic

 

The Domestic Supplier is eligible for Deemed Export Benefit under chapter 8.2(c) of FTP.

AI Summary

EPCG domestic procurement allowed: purchase from Indian vendors permitted with DGFT invalidation letter and deemed export benefit. An EPCG holder may procure goods domestically if DGFT issues an invalidation letter against the EPCG licence permitting local purchase; supplies made under that mechanism entitle the domestic supplier to deemed export benefits under the foreign trade policy.