APPENDIX - 9B
STATEMENT OF FOREIGN EXCHANGE EARNINGS AND REDEMPTION FORM UNDER EPCG SCHEME FOR SERVICE PROVIDERS
NOTE: PLEASE SEE PARAGRAPH 5.9 AND 5.13 OF THIS HANDBOOK
| a) | Name & Address of the Licence holder | : ...........................................
.....................................
|
| b) | EPCG Licence No. & Date | :........................................
|
| c) | CIF Value | i) Allowed:...........................
ii) Utilised:..........................
|
| d) | Export Obligation imposed on the EPCG Licence
| :........................................ |
(i) Export obligation equal to five times of the CIF value of import/deemed import of capital goods or eight times the duty saved on import/deemed import of capital good as the case may be.
(S. No. (d)(i) has been amended vide PN. No. 8/2003, Dt. 14/05/2003)
[OLD-
i) Export obligation equal to five times the duty foregone on import/ deemed import of capital goods or eight times the duty saved on import/ deemed import of the capital goods.]
| :........................................ |
| ii) Average exports to be maintained | :........................................
|
| e) | Type of service rendered as per the conditions attached to the EPCG licence
| :........................................ |
| f) | Date of completion of export obligation | :........................................
|
| g) | Details of Service Provided
(Please indicate the S.No
under Appendix 36 also)
| :........................................ |
i) Year/Block of year from the date of issue of licence.
| :........................................ |
| ii) Proportion of total Export Obligation fulfilled. | :........................................
|
| iii) Details: |
| S.No. | Type of Service Rendered | Voucher No/ Invoice no (not applicable for the hotel industry) | Foreign Exchange Earnings by Service Provider |
|---|
| | | | Forex earnings realised for additional EO under EPCG | Forex earnings realised for maintaining average |
|---|
| (1) | (2) | (3) | (4a) | (4b) |
|---|
| | | | | |
We hereby declare that the above particulars are correct
(Signature with seal and
Designation of the service provider)
It is certified that we have verified the foreign exchange earned by the service provider as mentioned in column g(iii) above.
(Signature with seal of the Chartered Accountant
Membership number)
This is certified that all services rendered as shown above are in freely convertible currency (both direct and indirect in respect of the service provider) and payment of the same has been realised.
(Signature with the seal of
the Bank/authorised dealer
in foreign exchange)
| Date:............ | Bank/Authorised dealer
Code No......................... |
Note:
1. The consolidated statement may be submitted only at the time of seeking redemption of Bank Guarantee/Legal Undertaking and the statement should be complete in all respects including the information in column (g)(iii) above duly certified by Chartered Accountant as well as by the Bank/authorised dealer.
2. For hotel industry, the payments covered under Policy circular 60/97-2002 dated 24.12.98, i.e
a) Payment received from foreigners in Indian rupees against encashment certificate.
b) Payment received in Indian rupees from travel agents/tour operators earned from hotel stay of foreign tourist (considered as foreign exchange under section 80HHD of Income Tax Act).
c) Payment received by (i) Air/Flight catering unit, standalone and others and (ii) By hotels for staying of foreign Airline crew from foreign airlines in Indian rupees against their repatriable earnings.
d) Payment received in Indian rupees, from diplomats, embassies, UN organisation out of their convertible foreign exchange shall be considered as foreign exchange earned for the purpose of EPCG scheme.
Documents to be enclosed with the application form:
1. Customs purpose copy of EPCG licence.
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