EPCG Shortfall of duty, Customs - Exim - SEZ

[Rahul Sonawane]

Dear Sirs,

Our shipment is under EPCG clearance, but due to fluctuation in exchange rate we have a short fall of duty amount in EPCG License even after considering the 10% enhancement in duty save amount.

Except these options - 1) Amendment in EPCG License for enhancement of duty , 2) Payment of excess duty to Customs. 

Is there any other option ?. for eg. Executing of Bank Guarantee with Customs for the excess duty amount, or any thing else

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above said issue? If not please inform.