Delegation of powers to the Development Commissioners of Export Processing Zones for post approval amendments - consolidated instructions

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....ated 10.11.97, No.14 (1998 series) dated 16.10.98 and No. 20 (1998 Series) dated 15.12.98. In supersession of these Press Notes, it has been decided to consolidate the instructions on delegation of powers to DCs for the purpose of convenience to the entrepreneurs. 2. The delegation of powers authorises the Development Commissioners of Export Processing Zones to exercise the following powers in respect of units under EPZ/EOU scheme within their respective jurisdiction:- 2(1) Additional Import of capital goods (CG): To allow enhancement in the value of imported Capital Goods upto 75% of the value approved initially, subject to the maximum of Rs. 10.00 Crores. The enhancement in value of imported Capital Goods can be on account of add....

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....ociation of the new company; c. he subscribes to the tune of at least 10% of the issued equity capital of the new company and; d. the individual is a Director of the new Company. (2)   For change from a company to another company provided: a. the transferee company is a fully-owned subsidiary of  the company holding the letter of intent or permission letter or vice-versa; or b. a new company has been promoted for the purpose of implementing the Scheme after the grant of Letter of   Intent or Letter of Approval, with at least 10% of the  issued equity held by the existing company; and c. change of name would be permitted only if the new unit undertakes to take over the ....

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....2(11) Disposal of Obsolete Capital Goods: To permit disposal of obsolete capital goods, in DTA, on payment of applicable duties, without any restrictions. However, disposal of obsolete machinery must not adversely affect the contracted export obligation/Net Foreign Exchange Earning. 2(12) Import of Office Equipment: To permit import of office equipment in accordance with EXIM Policy and Handbook of Procedures. 2(13) Revision in Export Obligation: To revise prospectively the export obligation stipulated in the approval letters (both upward and downward) provided the revised export obligation is not below the level of minimum export obligation prescribed in the EXIM Policy/general or sector specific FDI guidelines. 2(14) Mer....