Customs duty exemption for EPCG capital goods: concessional duty rates conditioned on fulfilment and verification of export obligations. Concessional customs treatment for capital goods imported under the EPCG Scheme reduces basic duty to specified ad valorem rates and exempts additional duty, conditional on a valid EPCG licence, licence particulars, production of the licence at clearance, bond execution certificate from the Licensing Authority, and a customs declaration to pay duty if conditions fail. The Table sets 25% duty for an export obligation of three times CIF over four years and 15% duty for four times CIF over five years for SKD/CKD capital goods, with provisions for limited spare parts and conditional extensions or condonation subject to Public Notice.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for EPCG capital goods: concessional duty rates conditioned on fulfilment and verification of export obligations.
Concessional customs treatment for capital goods imported under the EPCG Scheme reduces basic duty to specified ad valorem rates and exempts additional duty, conditional on a valid EPCG licence, licence particulars, production of the licence at clearance, bond execution certificate from the Licensing Authority, and a customs declaration to pay duty if conditions fail. The Table sets 25% duty for an export obligation of three times CIF over four years and 15% duty for four times CIF over five years for SKD/CKD capital goods, with provisions for limited spare parts and conditional extensions or condonation subject to Public Notice.
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