Foreign Trade Procedures 2008-2009 - Directorate General of ...
Foreign Trade Procedures 2008-2009 - Directorate General of ...
Foreign Trade Procedures 2008-2009 - Directorate General of ...
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(c)For all EPCG authorizations, authorization holder shouldhave fulfilled mandated (original or amended) block wiseexport obligation, till previous block to application date.In all such cases, refixed export obligation would becomputed as under:(% export obligation unfulfilled) x (8) x (duty saved onauthorization issue-date )(d)(e)(f)DeletedThere would be no change in average export obligationfixed or export obligation period <strong>of</strong> original authorization.DeletedTechnological 5.20 Application for technological upgradation <strong>of</strong> the capital goodsUpgradation <strong>of</strong> would be made in ANF 5A.Capital GoodsImport <strong>of</strong> Refurbished/ 5.21 Import <strong>of</strong> refurbished spares shall be permitted under EPCGReconditionedScheme.Spares and ToolsHowever such refurbished / reconditioned spares must have aresidual life not less than 80% <strong>of</strong> life <strong>of</strong> original spare, which wouldbe certified by EPCG authorization holder.The tools imported under EPCG Scheme may be transferred toany <strong>of</strong> units or group companies <strong>of</strong> applicant.5.22 Revalidation <strong>of</strong> authorizations issued under EPCG scheme shallnot be allowed.101