DGFT grants relaxation for submission of installation certificate under EPCG, waives penalty

As per Public notice no 30/2015-2020 dated 14th August, 2018 ,DGFT grants one-time relaxation and condonation of delay in submission of capital goods installation certificate to RAs under EPCG Scheme for authorizations issued upto March 31, 2015.

However, explains that installation of machinery should happen within 18 months from import date and EPCG authorization should not be under any investigation/adjudication byRA/customs authority/any other investigative agency; Clarifies that said relaxation has been given to facilitate ‘ease of doing business’ and considering the trade representations, and shall be available upto March 31,2019; Consequently, directs RAs to accept installation certification without insisting for payment of any penalty; However, clarifies that refund of penalty already paid under Public Notice 37/2015-20 dated October 25, 2017 shall not be available.

Citation : http://www.dgft.gov.in/sites/default/files/PUBLIC%20NOTICE%2030%20english.pdf

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
CLOSE
CLOSE