CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684
* E-mail : info@chemexcil.gov.in Web : https://chemexcil.gov.in
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EPC/LIC/DGFT/EPCG
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16/08/2018
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ALL THE MEMBERS OF THE COUNCIL
DGFT
Acceptance of installation certificate under EPCG Scheme by the RAs, wherein
installation certificate is submitted beyond 18 months, without penalty
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Dear Members,
The O/o Directorate General of Foreign Trade, New Delhi has issued Public Notice No. 30/2015-20 dated 14/08/2018 regarding acceptance of installation certificate under EPCG Scheme by the RAs, wherein installation certificate is submitted beyond 18 months, without penalty.
We understand that the submission of installation certificate by exporters 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. 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.
However, representations were received by DGFT for accepting the submission of installation certificate without insisting on penalty, if the installation has happened within the specified time prescribed.
To facilitate the ease of doing business for the purpose, it has now been decided to permit the RAs to accept the installation certificate without insisting for penalty in respect of authorization issued upto 31.03.2015 as long as the installation has happened within 18 months from the date of import, provided the EPCG authorization is not under any investigation/ adjudicated by RA/ customs authority/ any other investigative agency. This relaxation will be available upto 31.03.2019. There will not be any refund of the penalty already paid under the Public Notice No.37/2015-20 dated 25.10.2017.
As an effect of this Public Notice, one time relaxation and condonation of delay in submission of installation certificate to RAs under EPCG Scheme for authorizations issued up-to 31.03.2015 without payment of any penalty.
Members are requested to take note of this relaxation and do the needful, accordingly. The said PN is available for download/ reference using below link:
http://dgft.gov.in/sites/default/files/PUBLIC%20NOTICE%2030%20english.pdf
Thanking You,
Yours faithfully,
(S.G. BHARADI)
EXECUTIVE DIRECTOR
CHEMEXCIL
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