EPCG Obligation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2011
Dear Experts,
Ours is a Pvt Ltd Company.
We have to full-fill export obligation under EPCG scheme, however, due to recession in Europe and America our export/ Deemed export is very low and we feel that we will not be able to meet out export obligation within stipulated period.
We have sufficient Cenvat Credit with us on other machineries / Inputes.
Can we utilise such Cenvat Credit to pay Custome Duty (with CVD) to surrender our EPCG obligation ?
Thanks & Regards
Ours is a Pvt Ltd Company.
We have to full-fill export obligation under EPCG scheme, however, due to recession in Europe and America our export/ Deemed export is very low and we feel that we will not be able to meet out export obligation within stipulated period.
We have sufficient Cenvat Credit with us on other machineries / Inputes.
Can we utilise such Cenvat Credit to pay Custome Duty (with CVD) to surrender our EPCG obligation ?
Thanks & Regards
28 February 2011
you can also do third party exports also.
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