Exemption of import duty for components under EPCG scheme subject to licence compliance, bond, accounts and certification requirements. Components imported by a manufacturer for manufacture of capital goods to be supplied to an EPCG licence-holder are exempt from customs duty in excess of 15% ad valorem and from additional duty under section 3, provided imports are under the specified licence, the licence states description/quantity/value of components and capital goods, the importer complies with Policy requirements, and executes a bond undertaking use for supply, maintenance of accounts, production of a supply certificate within three months (or extended period), and payment of duty if conditions are breached.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption of import duty for components under EPCG scheme subject to licence compliance, bond, accounts and certification requirements.
Components imported by a manufacturer for manufacture of capital goods to be supplied to an EPCG licence-holder are exempt from customs duty in excess of 15% ad valorem and from additional duty under section 3, provided imports are under the specified licence, the licence states description/quantity/value of components and capital goods, the importer complies with Policy requirements, and executes a bond undertaking use for supply, maintenance of accounts, production of a supply certificate within three months (or extended period), and payment of duty if conditions are breached.
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