What are the documents required for EPCG license?
Documents required for EPCG License
- Import Export Code (IEC)
- Registration cum Membership Certificate (RCMC)
- Digital signature.
- Registration certificate from Tourism Department.
- Pan Card.
- Excise Registration (if registered)
- GST Registration Certificate.
- Proforma Invoice.
How do I register for EPCG?
EPCG Online Application Procedure
- Step 1: Visit the DGFT Official website.
- Step 2: Log in with DGFT Digital Signature Certificate.
- Step 3: Create a New File.
- Step 4: Fill initial mandatory details.
- Step 5: Filling Industrial Registration, Export House & RCMC Details.
- Step 6: Fill the Factory Address.
What is the use of EPCG Licence?
EPCG scheme covers manufacturer exporters with or without supporting manufacturer(s), merchant exporters tied to supporting manufacturer(s) and service providers. To apply for an EPCG scheme, an IEC is required.
What are not eligible under EPCG scheme?
Such domestic manufacturer shall be eligible for deemed export benefit under FTP. -License under this scheme shall not be issued for the import of any capital goods for Electricity Generations or Supply plants. -Import of second hand capital goods are not permitted under the EPCG scheme.
What is the normal period for which EPCG authorisation will be issued?
EPCG authorisation shall be valid for imports for 18 months from the date of issuance of the authorisation.
How is EPCG duty calculated?
The specific export obligation is calculated as 6 times of duty saved value i.e. 8,26,560 *6 =49,59,360 INR to be completed in 6 years.
What is EPCG scheme under GST?
This scheme aims to improve India’s manufacturing prowess in the global market. EPCG Scheme allows import of capital goods (except those specified in the negative list in Appendix 5 F for pre-production, production and postproduction at zero customs duty.
What is EPCG guarantee?
When obtaining EPCG license from government, you guarantee that you will export required amount or quantity of goods for next 5 years. EPCG is a good facility provided to exporters and importers by government on exemption of import duty amount.
Who can avail EPCG scheme?
Q. 1 Who are eligible to avail of the EPCG Scheme? A. The manufacturers, Exporters and Merchant Exporters are eligible to avail of this Scheme.
What is the validity of EPCG license?
How is EPCG calculated?
What is EPCG bond?
Export Promotion Capital Goods Scheme (EPCG Scheme) was introduced to allow duty-free import of capital goods/machinery including spares for pre-production, production, and post-production of export goods.
Is EPCG a government grant?
In accordance with the above, in the given case exemption of custom duty under EPCG scheme is a government grant and should be accounted for as per the provisions of Ind AS 20.
How to apply for EPCG licence?
The Policy relating to Export Promotion Capital Goods (EPCG) Scheme is given in Chapter 5 of the Policy. An application for the grant of a licence may be made to the licensing authority concerned in the form given in Appendix alongwith documents prescribed therein.
What is the export obligation of EPCG license in India?
The EPCG license export obligation shall be Rs. 150 Lac for next 6 Year ( 2015 to 2021 ) ( Rs. 25 Lac x 6 Years ) This obligation has fixed on the basis of last three years export performance of the same product.
What is EPCG scheme?
e-Misc Payment Service NEW! Do not have Account? Register Application Master Data NEW! The objective of the Export Promotion Capital Goods (EPCG) Scheme is to facilitate import of capital goods for producing quality goods and services and enhance India’s manufacturing competitiveness.
What are the documents required for redemption of EPCG license?
Checklist of documents for Redemption of EPCG License 1 Original EPCG authorization with Customs debit sheet. 2 Installation certificate . 3 All Import Bill of Entry’s with Duty payment challans. 4 Import documents ( Invoice, Pkg List, Bill of lading etc. ) 5 Shipping bills 6 Bank Realization Certificate (BRC) 7 Bill of lading / Airway bill