Epcg license export obligation
This query is : Resolved
20 September 2016
At the time of importing capital goods under EPCG scheme we are executing the bond for 110% of duty saved value as per license.
From the above, in that 110% value we are used 80% value of duty saved only... then what is the Export Obligation.
as per my opinion EO is 6 times value of 80% duty saved is correct ? Please clarify me.
From the above, in that 110% value we are used 80% value of duty saved only... then what is the Export Obligation.
as per my opinion EO is 6 times value of 80% duty saved is correct ? Please clarify me.
Dr.RAMAKRISHNA. C
(Expert)
20 September 2016
Dear Naresh,you are correct.
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