Import of power generating equipment under EPCG scheme - suggestions invited
DGFT Notification No. 7 dated 18.4.2013 disallows import of captive power plants and power generator sets under Export Promotion Capital Goods (EPCG) scheme with effect from 18th April 2013.
The DGFT has received representations from trade and industry that uninterrupted supply of quality power at competitive rates is essential for production activities and maintaining export competitiveness; Import of capital goods under EPCG scheme at concessional duty reduces the overall cost of setting up of a power plant which in turn reduces the cost of power and ensures uninterrupted power supply.
Inasmuch as they have pleaded for allowing import of power generating equipment under the EPCG scheme.
The DGFT, therefore, solicits Views/suggestions/comments on the request made.
All Stakeholders are requested to give their feed-back/suggestion preferably through e-mail addressed to the Joint DGFT (akash.taneja@nic.in) as soon as possible but not later than by Monday, the 6th January, 2014.
Unlike other Revenue departments, which risk information by using private email id, this email id is that of the government's web services organization.
Trade Notice No , Dated: December 17, 2013