petitioner had applied for and obtained Export
Promotion Capital Goods licence ('EPCG licence' for short) dated
14/1/1998, with obligation to export ... capital goods imported. At the relevant time, there were two types of
EPCG licences namely 10% basic duty EPCG licence (10% Basic duty
dated 21-Oct-2004
Bond and Bank guarantee under Advance License and
EPCG Schemes - Norms revised
Circular No.58/2004-Cus., dated ... Norms for Execution of Bond and
Bank Guarantee under Advance License and EPCG
Schemes - Regarding
The Foreign Trade Policy for the period
goods
under the valid authorisation under the Export Promotion
Capital Goods Scheme (EPCG Scheme) was wholly
exempted from payment of any additional duty under
Section ... Customs Tariff Act. Petitioner has availed
of this EPCG Scheme.
2. The intention of the Central Government while framing
EPCG Scheme was to permit import
impugned decision taken in the Minutes of 4 th
meeting of the EPCG Committee held on 29 th August,
Vishal Parekar 1/6
::: Uploaded ... inter alia o the EPCG License / Authorization
No. 0330007517 dated 30th December, 2004 (Case No.
57; F.No. 01/36/218/149/AM-17/EPCG
settled duty liability in cases involving default in export obligation under Advance/EPCG Schemes. Under Advance licence EPCG Schemes, at the time of import ... bond/BG clearly lays down that duty concession/exemption under Advancer Licence/EPCG Schemes is being extended to the licence holder provided that he fulfils
Central Government extended the Export Promotion Capital Goods Scheme (EPCG Scheme) to Agro-based industries and as per the notification No.29/97 dated ... capital goods imported by the company covered by the licence under EPCG scheme. The company says that they applied for licence under EPCG scheme
goods under the valid authorisation
under the Export Promotion Capital Goods Scheme (EPCG Scheme) was
wholly exempted from payment of any additional duty under Section ... Customs Tariff Act. Petitioner has availed of this EPCG Scheme.
2. The intention of the Central Government while framing EPCG
Scheme was to permit import
highlight the alleged loopholes in
implementation of duty drawback scheme/DEEC/EPCG. The Petitioner
has apparently highlighted the case of one M/s. Quality Exports ... scale
fraud in the implementation of Duty Drawback Scheme, DEEC
(Advance License,) EPCG. The Petitioner has sought a direction for
taking effective steps for plugging
that it was required to import equipment under the EPCG
Scheme. The obligations under the EPCG Scheme were required to
::: Downloaded on - 09/06/2013 ... favour of financial institutions for the benefit
of the discharge of the EPCG obligations by the assessee. That was
a security for the guarantees which
M/S.Bharti Airtel Ltd. vs The Commissioner Of Central Excise on 26 August, 2014
