Epcg licence validity
B. Madhuranthakan
(Querist) 11 January 2013
This query is : Resolved
How is the validity of the EPCG authorisation calculated - Is it based on the date of shipment of the capital goods( Bill of Lading date) or the date of Bill of Enrty (Date of receipt).
In other words (To be specific...)
The EPCG athorisation issue date is March 2010, valid till March 2013. I want to know whether the machinery should be imported (Bill of Entry filed) before 31.03.2013 or is it enough that the machinery be shipped before 31.03.2013 (Bill of lading date before 31.03.2013
S. Bharath
(Expert) 14 January 2013
This link may be useful for you..
http://customsmangalore.gov.in/faq/faq-schemes.htm#schemeQ4
M V Gupta
(Expert) 16 January 2013
Look into the terms and conditions of the guarantee letter. The export of the goods should take place during the validity period of the guarantee. In your case the guarantee given is valid up to 31-03-2013. Hence the export of the goods should be completed as per the terms of the contract (FOB or on delivery)
