Calculation of Bond Amount
Rahul Chandak (Student) (34 Points)
13 June 2016
I want to know how to calculate the bond amount written in EPCG license in custom clearance.
Rahul Chandak (Student) (34 Points)
13 June 2016
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 14 June 2016
CA. Dashrath Maheshwari
(TaXpert)
(15090 Points)
Replied 20 June 2019
Bond should be given for duty saved + interest for the period of license.
CS M Pota
(Company Secreatary)
(3180 Points)
Replied 24 June 2019
Yes, bond amount in EPCG is calculated considering duty saved amount +amount of interest for the period up to which the Export Obligation period as per the EPCG licence is running. For example Export obligation is to be fulfilled within six years Interest is to be calculated for 6 years.
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