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 requirement differs: not required for SHIS movable imports but required for EPCG machinery within prescribed time.
No installation certificate is required for capital goods imported under the SHIS Scheme, including ships and other movable capital goods; for vehicles, installation is met by registration or putting into use. In contrast, machinery or moulds imported under the EPCG Scheme require an installation certificate to be submitted within the prescribed post-import compliance period.