NTF. NO. 23/1998, DT. 05/10/1998

EPCG Scheme - * Import of jigs, fixtures, moulds & dies etc. allowed without any quantitative ceiling & * Import of spares allowed upto 20% of the CIF value of CG

In exercise of powers conferred by section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002 (incorporating amendment made upto 13.4.98), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002:(incorporating amendment made upto 13.4.98)

The first sentence of paragraph 6.2 shall be amended to read as under:

"Capital goods including jigs, fixture, dies and moulds may be imported at a concessionalrate of Customs duty subject to export obligation to be fulfilled over a period of time as per table given below. In addition, spares upto 20% of the CIF value of the capital goods may also be imported under the scheme".

This issues in public interest.

Sd/-
(N.L.Lakhanpal)
Director General of Foreign Trade and ex-officio
Additional secretary to the Government of India

Presented by eximkey.com