BG Amount under EPCG
This query is : Resolved
25 May 2010
Please advise about the amount for which Bank Guarantee is to be executed with Customs Dept.while importing under EPCG Scheme.Is it for the amount of Duty Saved i.e. Authorozation value, or for Export Obligation.
26 May 2010
SONIKA JI,
I WANTED TO INFORM YOU THAT THE BANK GUARANTEE FORMULA (EPCG AUTHORISATION )IS:-
DUTY CREDIT X 24%(INTEREST)*8 YEAR
REGARDS,
RAMESH KUMAR VERMA
I WANTED TO INFORM YOU THAT THE BANK GUARANTEE FORMULA (EPCG AUTHORISATION )IS:-
DUTY CREDIT X 24%(INTEREST)*8 YEAR
REGARDS,
RAMESH KUMAR VERMA
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