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India:AEPC to issue EPC to eligible exporters

India:AEPC to issue EPC to eligible exporters

Write: Quirce [2011-05-20]

Applications are invited from eligible exporters, for issuance of Export Performance Certificate (EPC) for the purpose of importing eligible items as per the description of the goods given in the subject for use in manufacture of textile garments for exports under Customs Notification No. 21/2002 dated 1.3.2002 as amended from time to time and last amended by Custom Notification No. 21/2008. Dated- 1.3.2008.
As per the notification the import of lining and inter-lining materials including knitted lining and interlining shall be restricted to 2% of the FOB Value of the garments exported and value realized during 2007-08, within overall Export Performance Certificate issued at 3% of the FOB value of the garments exported and realised during 2007-08.
The details to be furnished in the application (Annexure-I) should pertain to the FOB value realised in (foreign currency equivalent to Indian Rupees) on exports of readymade garments during the preceding financial year 2007-08 i.e. between 1st April’2007 and 31st March’2008.
Upon receipt of applications from the eligible exporters, the Council will issue the Export Performance Certificate to them.
At the time of import, the exporter will apply to the concerned Regional Office of AEPC/ATDC in the format as at Annexure-II along with the original Export Performance Certificate. The Regional Office of the Council, upon receipt of the said application will issue the Import Certificate for being produced before the Customs at the time of import clearance of consignments.

For every import clearance, the exporter shall obtain an Import Certificate from the Regional Office of the Council by submitting an application as at Annexure-II. Regional Offices will issue the Import Certificate after debiting the details of imports against the Import Certificate at the back of the original Export Performance Certificate, based on the invoice duly self-attested or bill of entry submitted by the exporter along with the application for Import Certificate.
The last date for receipt of the application for issuance of EPC for the current financial year has been fixed as 31.7.2008. Applications received after this date will be accepted along with late fee charges of Rs. 1000/- per application along with the normal charges as prescribed above. The exporter can however apply immediately for EPCs for the year 2007-08.
Only one application for enhancement can be submitted by the exporter. Subsequent enhancement shall be subject to specific approval of AEPC. A fee, equivalent to charges for issuance of initial shall be levied, on each enhancement based on the amount intended to be enhanced. For example, if an amount of Rs. 1 crore or less is to be enhanced an additional amount of Rs. 3125/- shall be paid by the exporter. Exporter shall apply in format at Annexure – IV.