5.3.1

The Licensing Authority concerned shall, on the basis of the certificate from the Independent Chartered Engineer (CEC) submitted by the applicant in Annexure I to Appendix 9, issue the EPCG licence and thereafter forward a copy of the EPCG licence along with a copy of the CEC to the concerned Jurisdictional Central Excise Authority.

(Above para has been amended vide P.N. No.21/2004, DT. 08/11/2004)

[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 is 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 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. ]