Purchased Capital Goods under Shis Licence

[RAM SHARMA]

Dear Experts,

Is it compulsory to take instalation certificate from excise department for import of  capital goods under shis Licence just like as under EPCG Scheme.

Thanks

 

AI Summary

Installation Certificate Not Needed for SHIS Capital Goods; Required for EPCG Machinery Within Six Months A user inquired whether an installation certificate from the excise department is necessary for importing capital goods under the SHIS License, similar to the EPCG Scheme. Experts responded that an installation certificate is not required for capital goods under the SHIS Scheme or for ships and movable goods under EPCG. However, for machinery or molds under the EPCG License, the certificate is necessary within six months of importation. The discussion referenced DGFT Policy Circular No. 26/2009-14 and case law to support these points.