5.3.1

The Licensing Authority, after issue of EPCG licence on the basis of certificate from the Independent Chartered Engineer (CEC) furnished by applicant shall forward a copy of licence along with copy of CEC to concerned Jurisdictional Central Excise Authority.

(Para 5.3.1 has been amended vide PN. No. 42/2003, DT. 28/01/2004)

[OLD -
After issuance of an EPCG License wherein duty saved amount is upto Rs. 50 crores, a Committee of officers of the RLA, headed by the Head of Office, and the EPCG Committee in the Headquarters where duty saved amount in more than Rs. 50 Crores, shall finalize the nexus within the stipulated period of two months on the basis of the Chartered Engineer’s certificate and on the basis of EPCG nexus norms maintained by them. While finalizing the nexus, the provisions contained in the existing Export Import Policy/Procedures will be taken into account. In case, the Committee of officers at RLA fails to finalize the nexus within two months from the date of issuance of license the nexus as applied for shall be treated as final. However, where the application for fixation of nexus is rejected on account of non-furnishing of documents/information, the license holder shall be liable to pay customs duty as applicable together with 15% interest thereon.]

(Para 5.3.1 has been amended vide PN. No. 26/2003, DT. 30/09/2003)

[OLD -
The regional licensing authority, after issuance of the license, shall forward a copy of the application along with a copy of the license to the Hqrs. EPCG Committee for its approval within 7 days of the issuance of the license except in such cases where the nexus norms have already been communicated by the Headquarters in any case or the same is already established on the basis of the EPCG licences, issued in the past by the Regional Licensing Authority.]

(Please refer Cir. No. 20/2003, DT. 14/11/2003 for Certification of nexus under EPCG Scheme)

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