sales of capital goods imported under epcg scheme

[kamal chordia]

An EPCG Licence is taken in 2004-05 on acutal user condition basis.

We have imported capital goods and after fulfilment of export obligation DGFT redeemed the licence in 2009.

Now Only Bond cancellation is pending at Custon,

We want to sale the capital goods so imported, is it possible - what compliance need to be  fulfill bec'z policy is cleares that actual user condition till the export obligation is fullfill. in our case e.o. is fulfill and licence is redeemed

 If there is suitable notification regarding sale of capital goods so imported under EPCG Licence, Please confirm.

Thanks & regards

kamal

AI Summary

EPCG actual user restriction ends on fulfilment of export obligation, permitting sale of imported capital goods subject to notifying authorities.
An EPCG licence imposes an actual user condition preventing disposal or transfer of imported capital goods until the export obligation is completed; after export obligation fulfilment and licence redemption, sale of the imported capital goods is permissible, and the importer should notify the concerned authorities and complete bond or licence cancellation formalities.