EPCG SCHEME -RIGHT OF BANKER

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....PCG SCHEME -RIGHT OF BANKER<br> Query (Issue) Started By: - SATISH SHETTY Dated:- 30-8-2011 Last Reply Date:- 31-8-2011 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>WE HAVE IMPORTED SOME MACHIN....

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....ERY UNDER EPCG SCHEME, BUT COULD NOT COMPLY WITH EXPORT OBLIGATION. NOW OUR BANKER WOULD LIKE TO SELL THOSE MACHINERY TO RECOVER OUR DUES. WE ALSO WANT TO COME OUT OF THE LIABILITIES. WHETHER THE PURC....

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....HASER OF MACHINERY IS LIABLE TO PAY THE CUSTOM DUTY? PLEASE REPLY. (BANK IS SELLING IT UNDER SARFEASI ACT.) Reply By pradeep khatri: The Reply: Dear Satish, I have submitted reply to your query. Fur....

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....ther, please check that in this scenario who would have the first charge on the Machine which had been imported under EPCG Scheme. Also discuss this issue with your Central Excise Superintendent, Cust....

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....oms Department, your counsel and with the concerned DGFT. Best Regards, Pradeeep Khatri Reply By r.rajkumar kumar: The Reply: yes have to pay the customs plus other duty with interest. .<br> Discu....

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