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DGFT Foreign Trade Policy Exim Policy (01/04/2003 to 31/08/2004) Para 5.1A

5.1A

Spares, spare refractories, catalyst & consumable for the existing plant and machinery may also be imported under the EPCG Scheme subject to an export obligation equivalent to 8 times of duty saved to be fulfilled over a period of 8 years reckoned from the date of issuance of licence.

(Para 5.1A has been amended vide NTF. No. 28/2003, DT. 28/01/2004)

[OLD -
Spares for the existing plant and machinery may also be imported under the EPCG scheme subject to an export obligation equivalent to 8 times of duty saved to be fulfilled over a period of 8 years reckoned from the date of issuance of licence. ]

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