What is Nexus certificate EPCG?
The application form for EPCG license calls for a chartered engineer certificate, explaining in detail the end use/nexus of the machinery sought for import in the pre-production/production/post-production activity of the export products/services.
How do I get my EPCG license?
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 EPCG invalidation certificate?
EPCG scheme and Invalidation facility As per GST Law, invalidation facility is available on EPCG schemes, but applicable GST would need to be paid while making local procurement, using an invalidation letter. Input Tax Credit (ITC) of the GST paid on such local procurement can be availed as per CGST Rules 2017.
Who is eligible for EPCG scheme?
1 Who are eligible to avail of the EPCG Scheme? A. The manufacturers, Exporters and Merchant Exporters are eligible to avail of this Scheme. Q.
What is Appendix 5b?
CERTIFICATE OF CHARTERED ACCOUNTANT/ COST ACCOUNTANT/COMPANY SECRETARY. (FOR ISSUE OF EPCG AUTHORISATION)
What is ANF 5a?
(Application Form for Issuance of EPCG /Post Export EPCG Authorization)
Can EPCG license be transferred?
Yes, where the names of both Authorization holder and supporting manufacturer are indicated in export documents like Shipping Bill/ Bill of Exports etc. along with EPCG authorization number. Question: Whether a Capital goods imported by one unit can be transferred to other unit?
How does EPCG scheme work?
Export Promotion Capital Goods (EPCG) scheme allows import of capital goods including spares for pre production, production and post production at zero duty subject to an export obligation of 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue- …
What is Dfia Licence?
Duty Free Import Authorization (DFIA) is a scheme under which duty free import of inputs, fuel, oil, energy sources, acatalyst which is required for the production of export goods is allowed.
What is RoDTEP scheme?
Remissions of Duties and Taxes on Exported Products (RoDTEP) is a much-awaited scheme which seeks to replace the Merchandise Exports from India Scheme (MEIS). that are embedded in the export goods. The government implemented the RoDTEP scheme with effect from January 2021.
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 DEPB scheme in export?
DEPB (Duty Entitlement Pass Book ) is an export incentive scheme of Indian Government provided to Exporters in India. The DEPB rates allows import of any items except the items which are otherwise restricted for imports. Items such as Gold Nibs, Gold Pen, Gold watches etc.
