Export Promotion Capital Goods Sample Clauses

Export Promotion Capital Goods. (EPCG) Scheme This scheme was first introduced on 1 April 1990 and has evolved since then. Under the EXIM policy for the current policy period (2002–2007), the scheme allows import of new capital goods at 5 per cent customs duty sub¡ect to the importer undertaking an export obligation equivalent to five times of the CIF value of the capital goods, to be fulfilled over a period of 8 years from the date of issuance of the licence. If the EPCG licence is for Rs 1000 million or more, the longer period of 12 years is allowed for discharging the export obligation. Imports of capital goods are sub¡ect to the Actual User condition until the export obligation is completed. In other words, the capital goods can be sold or leased after that period.
Sample 1
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Export Promotion Capital Goods. (EPCG) Scheme This scheme was first introduced on 1 April 1990 and has evolved since then. Under the EXIM policy for the current policy period (2002–2007), the scheme allows import of new capital goods at 5 per cent customs duty subject to the importer undertaking an export obligation equivalent to five times of the CIF value of the capital goods, to be fulfilled over a period of 8 years from the date of issuance of the licence. If the EPCG licence is for Rs 1000 million or more, the longer period of 12 years is allowed for discharging the export obligation. Imports of capital goods are subject to the Actual User condition until the export obligation is completed. In other words, the capital goods can be sold or leased after that period. The export obligation is required to be fulfilled by the export of goods capable of being manufactured or produced by the use of the capital goods imported under the scheme. It is also permissible to fulfil the obligation by the export of the same goods, manufactured or produced in different manufacturing units of the license holder. If the exporter is already exporting the same product for the production of which it has obtained the capital goods, the export obligation can be discharged only by increasing the exports over and above the average level of exports achieved in the preceding three licensing years for the same products.30 The EPCG scheme has been countervailed against in all the three major developed countries where it has been investigated. In the final CVD determinations in Certain Cut-to-Length Carbon Steel Plate from India (1999) and Certain Hot-Rolled Carbon Steel Flat Products from India (2001), the US Department of Commerce countervailed against the scheme. The US practice is to distinguish between the benefits for the capital goods in respect of which the export obligation has been discharged and those for which such obligation has not been discharged. For the former, the entire duty foregone is taken to be a non-recurring benefit and is allocated over the Average Useful Life (AUL) of the capital goods (15 years). For the latter where the export obligation remains to be fulfilled, the Department of Commerce has treated the unpaid duties as an outstanding contingent liability and assumed the entire liability to be an interest free loan. The benefit of the assumed interest-free loan has been calculated on the basis of the long- term interest rate, and the sum of the benefit during the period of investigati...
Sample 1

Related to Export Promotion Capital Goods

  • Xxxxxx and Recall An employee in receipt of notice of layoff pursuant to 9.08(A)(a)(ii) may:

  • Investment Promotion 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and admit such investments in accordance with its legislation.

  • Preference for Domestically Manufactured Goods The provisions of paragraphs 2.54 and 2.55 of the Guidelines and Appendix 2 thereto shall apply to goods manufactured in the territory of the Borrower.

  • Sales Promotions In addition to decreasing prices for the balance of the Contract term due to a change in market conditions, the Contractor may conduct sales promotions involving price reductions for a specified lesser period. The Contractor must submit documentation identifying the proposed: (1) starting and ending dates of the promotion, (2) commodities or contractual services involved, and (3) promotional prices compared to then-authorized prices.

  • MERCURY ADDED CONSUMER PRODUCTS Contractor agrees that it will not sell or distribute fever thermometers containing mercury or any products containing elemental mercury for any purpose under this Contract.

  • Promotional Opportunities Each university shall promote upward mobility of employees by announcing opportunities as they occur. In all cases, it is the employee’s responsibility to make proper application for such positions. If an employee meets the minimum and special qualifications for a position, he/she will be considered.

  • Europe Europe refers to the following countries: Germany, Andorra, Austria, Belgium, Bulgaria, Cyprus, Croatia, Denmark, Spain, Estonia, Finland, Metropolitan France, Gibraltar, Hungary, Greece, Ireland, Italy and Islands, Liechtenstein, Latvia, Lithuania, Luxembourg, Malta, Principality of Monaco, Norway, Netherlands, Poland, Portugal, Romania, United Kingdom, Slovakia, Slovenia, Czech Republic, San Marino, Sweden and Switzerland. Events covered for assistance Illness, injury or death during covered travel. Events covered for insurance ✓ Cancellation ✓ Late arrival ✓ Interruption of stay ✓ Forgotten item ✓ Replacement vehicle Execution of services The assistance services covered by this agreement can only be triggered with prior approval from MUTUAIDE ASSISTANCE. As a result, no expenditure made under the authority of the Beneficiaries may be reimbursed by MUTUAIDE ASSISTANCE. Excess Portion of the loss left to be paid by the Insured provided for in the policy in the event of indemnity following a loss. The excess can be expressed as an amount, percentage, in days, hours, or kilometres. Long-haul: “Long-haul” refers to travel to countries not listed in the “Medium-haul” definition.

  • INDUSTRIAL PRODUCTS ARTICLE 3

  • Health Promotion Incentives The Joint Labor-Management Committee on Health Plans shall develop a program which provides incentives for employees who participate in a health promotion program. The health promotion program shall emphasize the adoption and maintenance of more healthy lifestyle behaviors and shall encourage wiser usage of the health care system.

  • Product Sales Subject to Sections 10.3(c) and 10.3(d), Licensee agrees that it will not sell, offer for sale, or assist third parties (including Affiliates) in selling Product except for the sale and offer for sale of (A) TAF Product, TAF Combination Product, TDF Product and TDF Combination Product for use in the Field and in the countries of the TDF-TAF Territory, (B) COBI Product and COBI Combination Product for use in the Field and in the countries of the COBI Territory, and (C) EVG Product, EVG Combination Product and Quad Product for use in the Field and in the countries of the EVG-Quad Territory.

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