HB Vol.1 amended - EPCG Scheme - DES - Appendix 32

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ittee/Special Licensing Committee/Export licensing Committee/High Powered licensing Committee, the original copy of the application alongwith prescribed fee shall be filed with regional licensing authorities concerned and an attested copy of the same shall be filed with the above Committees'. 2. The last sentence of paragraph 6.14 shall be amended to read as under: "In cases, where CIF value actually utilised is more than the CIF value covered by the licence, the licence holder shall furnish additional fee to cover the excess CIF value of imports subsequently" 3. The following shall be added at the end of paragraph 6.14: " If the actual utilisation of the EPCG licence is below 90% of the threshold limit of the zero duty EPCG scheme, the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... proceeds. 8. The first sentence of sub paragraph under paragraph 7.38 shall be amended to read as under: "The DEPB shall be initially issued with non transferable endorsement in cases where realisation has not taken place to enable the exporter to effect imports for his own use. However, upon receipt of realisation, the DEPB shall be endorsed transferable. In cases where the applicant applies for DEPB after realisation, the DEPB shall be issued with transferable endorsement". 9. The following shall be added at the end of paragraph 15.4: "Provided, however, the licensing authority issuing the IEC code may, for sufficient reasons to be recorded in writing, condone the delay on payment of a penalty of Rs. 5000/ -". 10. The word 'ownershi....