5.6

Sourcing of domestic Capital Goods on lease basis

An EPCG authorization holder may, source capital goods from a domestic leasing company. In such cases, the Bill of Entry of imported capital goods or commercial invoice of indigenous capital goods, shall be signed jointly by EPCG authorization holder and leasing company. However, EPCG authorization holder shall alone be fully responsible for fulfilment of export obligation.

(Para 5.6 has been subsituted vide PUBLIC NOTICE No.01/2013, DT. 18/04/2013 )

[OLD 5.6

Sourcing of domestic Capital Goods on lease basis

An EPCG authorization holder may, source capital goods from a domestic leasing company. In such cases, the Bill of Entry of imported capital goods or commercial invoice of indigenous capital goods, shall be signed jointly by EPCG authorization holder and leasing company. However, EPCG authorization holder shall alone be fully responsible for fulfilment of export obligation.]