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Epcg obligation calculation - USD or INR.?

Harsh (Business)     21 September 2019

 6 points

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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.


Kunal Mittal (FINANCE OFFICER)     21 September 2019

Kunal Mittal
 22 likes  530 points

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following this post.

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Alina Klymenko   13 October 2019

Alina Klymenko

 2 points

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Acquire a solid understanding of basic grammar, style, and punctuation.

Grammar, style, and punctuation are incredibly important if you want your research to be understood and taken seriously according to <a href=""></a>. Before writing an essay,  Grammar basics include verb and subject agreement, proper article and pronoun usage, and well-formed sentence structures. Make sure you know the proper uses for the most common forms of punctuation. Be mindful of your comma usage and know when a period is needed. Finally, in academic essay writing, voice is important. Try to use the active voice instead of the passive whenever possible (e.g., "this study found" instead of "it was found by this study"). 

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