15% or 25% Customs duty and Nil additional duty on the Capital goods imported under EPCG Scheme - EXIM Policy 1992-97

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (3) of the said Table from so much of the duty of Customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table and the whole of the additional duty leviable thereon 2[ under sub-sections (1), (3) and (5) of section 3 ] of the said Customs Tariff Act, subject to the following conditions, namely:- (i) that the goods are covered by a valid licence issued on or before 30th April 1995, under the Export Promotion Capital Goods (E.P.C.G.) Scheme in terms of para 46 of the Export and Import Policy (hereinafter referred to as the Policy) and the said licence is produced for deb....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....by the Assistant Commissioner of Customs or the Deputy Commissioner of Customs, as the case may be. 1[2. In a case of default in export obligation, when the duty on goods is paid to regularise the default, the amount of interest paid by the importer shall not exceed the amount of duty if such regularisation has been dealt in terms of Public Notice of the Government of India in the Ministry of Commerce No. 22 (RE-2013)/2009-2014 dated the 12th August, 2013.] TABLE S.No. Description of goods Description of importer Rate of duty 1 2 3 4 1. Capital goods in SKD/CKD condition or components of capital goods required for assembly or manufacture of capital goods; and spare parts not exceeding 10% of the value of such capital goods in SK....