Harsh (Business) 21 September 2019
Epcg authorisation (3%) EO is to be fulfilled on USD or INR Values.
Our epcg is 7years old. Amounts mentioned are 1lakh USD and 50lakhs INR. But now USD rose to 72.
We need to do export of 50lakhs INR or 1lakh USD(72lakhs).
We are selling goods to merchant and he is mentioning our number in export documents.
Further question, EO will be calculated on amount received in our account or exporters account.
FYI, we procured capital goods from India only. We did not do direct import.
Alina Klymenko 13 October 2019
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