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Calculation of Bond Amount
I want to know how to calculate the bond amount written in EPCG license in custom clearance.
Replies (3)
Generally it will be equivalent of the duty saved amount i.e the value of epcg license
Bond should be given for duty saved + interest for the period of license.
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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