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EPCG licence holder may source the capital goods from a domestic
manufacturer
Notification No. 36 dated 29th
September 2000
In exercise of powers
conferred by Section 5 of the Foreign Trade (Development and Regulation) Act,
1992 (No.22 of 1992) read with paragraph 1.3 of the Export and Import Policy,
1997-2002 (incorporating amendment made up to 31.3.2000), the Central Government
hereby makes following amendments in the Export and Import Policy, 1997-2002
(incorporating amendment up to 31.3. 2000.
1.
Paragraph 6.8 shall be amended to read as under:
A
person holding an EPCG licence may source the capital goods from a domestic
manufacturer instead of manufacturing them. In the event of a firm contract
between the parties for such sourcing, the domestic manufacturer may apply for
the issuance of Advance Licence for Deemed Exports for the import of inputs
including components required for the manufacturer of said capital goods.
The
domestic manufacturer may also replenish the inputs including components after
supply of capital goods the EPCG licence holders. The export obligation relating
to the EPCG licence shall be reckoned with reference to the CIF value of the
licence actually utilized.
2.
The word and expression " paragraph 10.3(b)", as appearing in 4th
and 6th line of paragraph 9.13(b) shall be substituted by the word
and expression " paragraph 10.3(b) & (c)".
This issues in Public Interest.
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