Average export under EPCG Scheme, Customs - Exim - SEZ

[kamal chordia]

Kindly confirm below is the correct way to workout average export performance under EPCG Scheme

WITH REFERENCE TO DGFT CIRCULAR NO 28/07 DT 22.01.08

TOTAL EXPORT - AVERAGE MAINTAINED - ADDITONAL MADE  BUT LICENCE NOT  REDEEMED= ADDITONAL EXPORT OBLIGATION MADE AND LICENCE IS REDEEMED

OR

WE CAN SAY THE AVERAGE EXPORT  IS ARITHMATIC MEAN OF  ADDITONAL EXPORT OBLIGATION UNDER EPCG LICENCES WHICH WERE REDEEMED IN PRECEEDING 3 LICENCING YEAR.

Kindly check and revert

Thanks & regards

KAMAL

Posts / Replies

[kamal chordia]

Dear Sir

Please note as under

[1] Our export of last three year was 20, 25, 15 crore respectively.

[2] The Additional Export obligation made under EPCG Licence which were  redeemed as  Rs 5,6,3 Crore Respectively.

[3] The additional export made but the licence is not redeemed as Rs 1,2.5, 1 Crore

 

Now my questation is that in abive case what would be the average export obligation.

 

Kindly check and revert

thanks & regards

Kamal