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DGFT Foreign Trade Policy Foreign Trade Policy (upto 31/03/2008) 5.1A

EPCG Scheme

5.1A

Spares (including refurbished / reconditioned spares), tools, spare refractories and catalyst for existing plant and machinery (imported earlier, under EPCG or otherwise) shall be allowed to be imported subject to an export obligation equivalent to 8 times of duty saved to be fulfilled in 8 years reckoned from Authorisation issue date.

(Above Para 5.1A has been amended vide NTF. NO. 19/2007, DT. 30/07/2007)

[OLD-
Spares (including refurbished / reconditioned spares), tools, spare refractories and catalyst for existing plant and machinery shall be allowed to be imported subject to an export obligation equivalent to 8 times of duty saved to be fulfilled in 8 years reckoned from Authorisation issue-date.]

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