Power for Time Extension to Install EPCG

[DGFT Public Notice No. 48 dated 10^th January 2014]

Subject: Amendment in Para 5.3.1 of Handbook of Procedure Vol.I, 2009-2014.

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby makes the following amendment in sub-para (a) of para 5.3.1 of the Handbook of Procedure Vol.I, 2009-2014:

2. Existing sub-para (a) of para 5.3.1 shall be replaced and the amended sub-para shall read as under (new sentence being added at the end of the para is in bold letters for easy reference):

“(a) Authorization holder shall produce to the concerned RA a certificate from the Jurisdictional Central Excise Authority, confirming installation of Capital Goods at factory/premises of authorization holder or his supporting manufacturer(s)/vendor(s) within six months from date of completion of import. However, extension in time for Installation of Capital Goods upto a maximum period of 18 months from the date of completion of import may be considered by the concerned RA.”

Effect of this Public Notice:

Power for extension in time for installation of Capital Goods is being delegated to regional authorities.