APPENDIX - 9B
STATEMENT OF FOREIGN EXCHANGE EARNINGS AND REDEMPTION FORM UNDER EPCG SCHEME FOR SERVICE PROVIDERS
NOTE: PLEASE SEE PARAGRAPH 5.4 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
| :........................................ |
1. Export obligation equal to
(a) five times of the CIF value of import/deemed import of capital goods
or
(b) eight times the duty saved on import/deemed import of the capital goods
or
(c) six times the duty saved on import/ deemed import of the capital goods in case of Technological Upgradation. 2. 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
| :........................................ |
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 by service provider for maintaining average if applicable |
|---|
| (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 for the licensing years mentioned above by the service provider.
(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)(3) 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) Payments received from foreigners in Indian Rupee 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 the Income Tax Act).
(c) Payment received by (1) Air/Flight catering unit, standalone and others and (2) By hotels for staying of foreign Airline crew from foreign airlines in Indian rupees against repatriable earnings.
(d) Payments received in Indian rupees, from diplomats, embassies, UN organization 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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