I (Meaning and importance of Exports) Unit Structure

 
Whom to Apply 
– 
The application need to be made to the nearest customs 
House. 
When to Apply 
– 
Application must be made within a period of 60 days from 
the date of obtaining “Let Export Order” from the customs 
examiner. 
What Documents Required 
– 
The application must be supported by the following 
documents. 
a) Non-negotiable copy of Bill of Lading. 
b) A copy of duty drawback 
c) A copy of commercial invoice. 
d) A copy of special brand rate letter, if required 
e) Other required documents. 
14.3.5 Rate of DBK 
There are two rates of duty drawback 
– 
a) All Industry Rates 
– 
All Industry Rates are declared by the Government of India 
from time to time. These rates are applicable to all units in the 
industry. For example, if the govt. declares 20% DBK for textiles 
then all units in the textile industry can get 20% DBK. 
b) Special Brand Rates 
– 
Special Brand Rates are provided by the Govt. on the 
special application made by a particular unit. 

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14.4 EXPORT PROMOTION CAPITAL GOODS (EPCG) 
SCHEME 
Under the Export Promotion Capital Goods (EPCG) scheme, 
the import of capital goods at 5% customs duty is allowed subject to 
an export obligation equivalent to 5 times CIF value of capital 
goods to be fulfilled over a period of 8 years. In case of EPCG 
licenses for Rs. 100 crore or more the same export obligation can 
be fulfilled over a period of 12 years.
14.4.1
Conditions
Import of capital goods is subject to actual user condition till 
the export obligation is achieved. Under this scheme, exporters are 
allowed to import both new and second hand capital goods with 
residual life of ten years. The import of second hand capital goods 
under the scheme is subject to certain conditions.
Capital goods means, plant, machinery, Equipment, Packing 
machinery and equipment, Quality and pollution control, Testing 
instruments, Power generation sets, Machine tools, Refrigeration 
equipments, Research and development etc.