EPCG Scheme exemption: zero customs duty allowed for capital goods, conditioned on nexus, bond and export obligation compliance. Specified capital goods imported under a valid EPCG authorisation may be imported at zero customs duty (and exempted from additional duty when claimed) subject to conditions including registration at port, import within eighteen months, submission of a Nexus Certificate from an independent Chartered Engineer, non disposal until export obligation completion, execution of a bond or bank guarantee (CSPs requiring full bank guarantee), and fulfillment of an export obligation normally fixed at six times the duty saved on an FOB basis within six years, with prescribed blockwise proportions, reductions, and compliance, reporting and enforcement mechanisms.
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.
EPCG Scheme exemption: zero customs duty allowed for capital goods, conditioned on nexus, bond and export obligation compliance.
Specified capital goods imported under a valid EPCG authorisation may be imported at zero customs duty (and exempted from additional duty when claimed) subject to conditions including registration at port, import within eighteen months, submission of a Nexus Certificate from an independent Chartered Engineer, non disposal until export obligation completion, execution of a bond or bank guarantee (CSPs requiring full bank guarantee), and fulfillment of an export obligation normally fixed at six times the duty saved on an FOB basis within six years, with prescribed blockwise proportions, reductions, and compliance, reporting and enforcement mechanisms.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
