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EXPORT OBLIGATION UNDER EPCG, Customs - Exim - SEZ

Issue Id: - 114687
Dated: 26-2-2019
By:- AJAY KUMAR

EXPORT OBLIGATION UNDER EPCG

Contents

I got an EPCG licence showing following export obligations:

(a) Average Export Obligation - USD 2295643.00

(b) Previous Export Obligation - USD 114470.05

The licence has been issued to me on 2014 . till date I have exported - USD 1919837.00

whether I have fulfilled the EO?

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 27-2-2019
By:- Spudarjunan S

Dear Sir,

For verifying whether the EO has been fulfilled or not, kindly verify the amount of duty saved through EPCG licence and calculate six times of such duty which is your export obligation. You need to achieve this obligation within prescribed time limit i.e. 6 years, over and above your Average Exports.(Average Exports would be the arithmetic mean of export performance in the preceding three licensing years for same and similar products.)

Page: 1