Import restriction on motor vehicle entries under EPCG now limited to eligible tourism and hospitality service providers with earnings-based caps. Import of motor cars, sports utility vehicles and all purpose vehicles under the EPCG Scheme is limited to hotels, travel agents, tour operators, tour transport operators and companies owning/operating golf resorts that meet a prescribed foreign exchange earnings threshold over the current and preceding three licensing years. The total 'duty saved' on all EPCG licences for these vehicle imports in a licensing year shall not exceed fifty per cent of the average foreign exchange earnings from the specified sectors in the preceding three licensing years. Parts of such vehicles, including chassis, are excluded from import under the Scheme.
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.
Import restriction on motor vehicle entries under EPCG now limited to eligible tourism and hospitality service providers with earnings-based caps.
Import of motor cars, sports utility vehicles and all purpose vehicles under the EPCG Scheme is limited to hotels, travel agents, tour operators, tour transport operators and companies owning/operating golf resorts that meet a prescribed foreign exchange earnings threshold over the current and preceding three licensing years. The total 'duty saved' on all EPCG licences for these vehicle imports in a licensing year shall not exceed fifty per cent of the average foreign exchange earnings from the specified sectors in the preceding three licensing years. Parts of such vehicles, including chassis, are excluded from import under the Scheme.
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