5.3.4

(i) The applicant may also apply for import of spares including refractory, catalyst and such consumables as are required for installation and maintenance of capital Goods under the EPCG Scheme.

The application shall contain list of plant/ machinery installed in the factory/ premises of applicant for which spares are required, duly certified by Chartered Engineer or Jurisdictional Central Excise authorities.

In such cases EPCG licence shall not specify the list of spares but shall indicate:-

(a) Name of plant/machinery for which spares are required.

(b) Value of duty saved allowed under the licence.

(c) Description of product to be exported with value of export obligation as per the Policy.

(ii) The licensing authority, after issue of EPCG licence for spare shall forward a copy of licence to concerned Jurisdictional Central Excise Authority.

(iii) In case of import of spares for capital goods, the licence holder (whether registered with Central Excise Authority or not) shall produce to the licensing authority a certificate by the jurisdictional central excise authorities confirming the inventory of spares taken in the records of the licence holder within one month of the date of completion of each import.

Further at the time of final redemption of export obligation licence holder shall submit certificate from the Independent Chartered Engineer confirming the use of spares so imported in the installed capital goods on the basis of stock & consumption register maintained by licence holder.

However, the service providers, can give a certificate either from the jurisdictional Excise authority or from an independent chartered engineer confirming the inventory of spares taken in record of the licence holder within six months from the date of completion of imports.