Epcg lics redemption

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This query is : Resolved

Siddhi Nath Chaturvedi (Querist)

07 February 2012 HI Sir,

Please tell me how much official fees will be for applying of Redemption of EPCG license. Urgent plz....

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

07 February 2012 if you have fulfilled the completed EO as per Guidelines BY DGFT NO FEE REQUIRE .

Where export obligation of any particular block of years is not fulfilled in terms of the Para 5.7.6 & 5.8 & 5.8.1 of FTP 2009-2014 proportions, except in such cases where the export obligation prescribed for a particular block of years is extended by the Regional Authority subject to payment of composition fee of 2% on duty saved amount equal to unfulfilled portion of EO, such Authorization holder shall, within 3 months from the expiry of the block of years, pay duties of customs (along with applicable interest as notified by DoR) of an amount equal to that proportion of the duty leviable on the goods which bears the same proportion as the unfulfilled
portion of the export obligation bears to the total export obligation.

REFER TO PARA 5.8.4 OF FOREIGN TRADE POLICY 2009-2014 EPCG authorizations issued upto 31.03.2000 shall be governed by provisions laid down in paragraph 6.11 in HBP v1 (RE-99). Notwithstanding the same in HBPv1 (RE-99), authorization holder shall not have to surrender special Import licence in case of value wise shortfall.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

07 February 2012 ANY QUERY,

REGARDS,

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