| Date: |
07-07-1999
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| Notification No: |
DGFT Policy Circular No 18/1999
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| Issuing Authority: |
DGFT
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| Type: |
Circular
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| File No: |
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| Subject: |
Clarification regarding grant of EPCG Licence on debonding
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Clarification regarding grant of EPCG Licence on debonding
Policy Circular No. 18 dated 7th
July 1999
Attention is invited to Para 9.27 of Exim Policy, 1997-2002 (RE: March, 1999) read with para 6.7 of Handbook of Procedures, (Vol.1), 1997-2002 (RE: March, 1999). Accordingly, an EOU/ EPZ/ EHTP/ STP unit may be permitted by the concerned Development Commissioner, as a one-time option, to debond under the prevailing EPCG Schemes.
2. In the Exim Policy, 1997-2002 (RE: March, 1999) effective from 1.4.1999, Second Hand Capital Goods is not allowed for import under EPCG scheme. A doubt has been raised, whether an EOU/ EPZ/ EHTP/ STP unit which had imported second hand capital goods can now debond under EPCG scheme or not. In this context, it is clarified that in view of paragraph 9.27 of Exim Policy, 1997-2002 and para 6.7 of Handbook of Procedures, 1997-2002 (RE: March, 1999), debonding of these units under EPCG scheme can be allowed.
3. This issues with the approval of DGFT.
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