Question : Our company is planning to import some air blowers. Can we avail of the benefits of EPCG licence scheme?
"ONE IMPORTER"
Answer : "Air blowers" should be capital goods as defined in Para 9.12 of Foreign Trade Policy. A Chartered Engineer's certificate, justifying the import of such capital goods capable of manufacturing/producing export products, is also necessary.
You will be required to fulfil the export obligation within a period 8 years from the issue date of EPCG authorisation. The export obligation amount is calculated at 8 items of the duty-saved amount.
Subject to all conditions pertaining to EPCG scheme as given in chapter 5 of Foreign Trade Policy, hand Book (Vol. 1) and Customs Notification number 64/2008-cus dated may 9, 2008, you are entitled to import air blowers under EPCG scheme.