Epcg license redumption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2012
If we have obtained the license EPCG License on 2005 and DGFT has fixed our annual Export Obligation was 1 Cr. at Condition Sheet but in 2006-2007 Our Export was only 32 Lakhs so what we need to give the penalty or what we need to do in this case.
RAMESH KUMAR VERMA
(Expert)
29 November 2012
for this query you must mentioned IEC CODE NO. AND LICENCE NO. SO THAT AFTER CHECK WE MAY LIABLE TO REPLY.
it seems that it is case of shortfall in export obligation IN THE LIGHT OF PARA 5.11 OF HAND BOOK OF PROCEDURES VOL 1 2009-2014 YOU LIABLE FOR EXTEND THE E.O.
ANOTHER WAY IS FOR YOU AFTER EXTEND THAT YOU MAY FOLLOW the PARA 5.12 OF HBP VOL1 2009-2014.
it seems that it is case of shortfall in export obligation IN THE LIGHT OF PARA 5.11 OF HAND BOOK OF PROCEDURES VOL 1 2009-2014 YOU LIABLE FOR EXTEND THE E.O.
ANOTHER WAY IS FOR YOU AFTER EXTEND THAT YOU MAY FOLLOW the PARA 5.12 OF HBP VOL1 2009-2014.
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