Consideration of Applications

5.3.4

(i) An applicant may also apply for import of spares, tools, spare refractories and catalyst as are required for installation and maintenance of capital Goods.

Application shall contain list of plant / machinery installed in factory / premises of applicant for which spares, tools, spare refractories and catalyst are required, duly certified by Chartered Engineer or Jurisdictional Central Excise authorities.

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

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

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

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

(ii) Deleted

(iii) Further, at time of final redemption of export obligation, authorization holder shall submit certificate from Independent Chartered Engineer confirming use of spares, tools, spare refractories and catalyst so imported in the installed capital goods on the basis of stock & consumption register maintained by authorization holder.

(Inserted a coma between spares and tools vide PN. NO. 48/2008, DT. 08/07/2008)