Export obligation for claiming epcg scheme..urgent sir!!
This query is : Resolved
26 August 2012
Respected Experts,
A company has imported capital goods under the EPCG scheme some years ago.
They have also exported their goods, but did not quoted the licence in the invoice. Now one of my friend says that the authorities will not allow to claim that the export obligation has been met. IS it true?
With regards,
Rajesh.
A company has imported capital goods under the EPCG scheme some years ago.
They have also exported their goods, but did not quoted the licence in the invoice. Now one of my friend says that the authorities will not allow to claim that the export obligation has been met. IS it true?
With regards,
Rajesh.
RAMESH KUMAR VERMA
(Expert)
27 August 2012
if you could not mentioned the EPCG licence No. & date on invoice do not confuse.
Noted that if your CHA could not DESCRIBE on EPCG LICENCE on shipping bill this is worry but not then will be compliance of the said link:
https://www.caclubindia.com/forum/circular-no-07-2002-dtd-11-07-2002-epcg-licence-for-not-men-99592.asp#.UDs3UKA-1tg
Noted that if your CHA could not DESCRIBE on EPCG LICENCE on shipping bill this is worry but not then will be compliance of the said link:
https://www.caclubindia.com/forum/circular-no-07-2002-dtd-11-07-2002-epcg-licence-for-not-men-99592.asp#.UDs3UKA-1tg
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Ito add credit side of bank
- Applicability of tax on invoice
- Rectification under processing even after 6 months cpc portal
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Import of Capital Machine
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
