Concessional customs duty under EPCG: conditional exemption tied to fulfilling export obligations, installation proof, and compliance requirements. Exemption permits import of specified capital goods under a valid EPCG licence at an effective customs duty of three percent and allows exemption of certain additional duties when claimed, subject to conditions: production of licence at clearance; prohibition on disposal until export obligation is met; execution of a bond with security to secure an export obligation fixed as a multiple of duty saved and to be discharged within prescribed block periods; installation and usage certification; prescribed ports and locations; and payment with interest for defaults, with provisions for extension, condonation and waiver in specified circumstances.
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.
Concessional customs duty under EPCG: conditional exemption tied to fulfilling export obligations, installation proof, and compliance requirements.
Exemption permits import of specified capital goods under a valid EPCG licence at an effective customs duty of three percent and allows exemption of certain additional duties when claimed, subject to conditions: production of licence at clearance; prohibition on disposal until export obligation is met; execution of a bond with security to secure an export obligation fixed as a multiple of duty saved and to be discharged within prescribed block periods; installation and usage certification; prescribed ports and locations; and payment with interest for defaults, with provisions for extension, condonation and waiver in specified circumstances.
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