MANU/DGFT/0134/2018

Ministry : Ministry of Commerce and Industry

Department/Board : DGFT

Public Notice No. : 30/2015-2020

Date : 14.08.2018

Notification/ Circulars Referred : Public Notice No.37/2015-20 dated 25.10.2017 MANU/DGFT/0121/2017;Public Notice No.01/2015-20 dated 26.04.2018 MANU/DGFT/0055/2018

Citing Reference:
Public Notice No.37/2015-20 dated 25.10.2017 MANU/DGFT/0121/2017Referred

Public Notice No.01/2015-20 dated 26.04.2018 MANU/DGFT/0055/2018Referred

Acceptance of installation certificate under EPCG Scheme by the RAs, wherein installation certificate is submitted beyond 18 months, without penalty

In exercise of powers conferred under Paragraph 2.04 of FTP (2015-20) read with Paragraph 2.58 of FTP (2015-20), the Director General of Foreign Trade in public interest hereby makes the one time relaxation in procedure in respect of acceptance of installation certificate under the EPCG Scheme.

1. Under the EPCG Scheme, the authorization holders are required to submit the installation certificate showing installation of the capital goods to the RA within the prescribed time period.

2. Sometimes, the submission of installation certificate to the RAs was not within the time prescribed on account of various reasons, including delay in installation of the machinery/delay in issuance of installation certificate etc. The EPCG Committee was receiving requests for condonation of time period of submission of installation certificate to the Regional authorities. Some of such requests for condonation were considered by the EPCG Committee on payment of composition fee of Rs.5,000/-

3. As a facilitative measure, Public Notice No.37/2015-20 dated 25.10.2017 was issued permitting one time relaxation for condonation of time period upto 31.03.2018 condoning the delay in submission of installation certificate on payment of penalty of Rs.5000/- per authorization (provided the installation has happened within the period of 18 months). The benefit of said Public Notice was further extended upto 30.09.2018 vide Public Notice No.01/2015-20 dated 26.04.2018.

4. There have been representations from the Trade for accepting the submission of installation certificate without insisting on penalty, if the installation has happene........