Monitoring of export obligation under EPCG scheme

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... EPCG scheme. Attention is invited to paragraph 6.13 of Handbook of Procedures (Vol.1). It has been represented to this Directorate that there is no uniform practice with regard to the adoption of the exchange rate which should be taken into account while ascertaining whether the EPCG holder has fulfilled the export obligation under the EPCG scheme. Moreover, the adoption of exchange rate availa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ling on the date of issuance of EPCG licence which has been endorsed on the reverse of the licence with a view to ascertain whether export obligation has been fulfilled or not. In respect of licences where the entire imports and the entire exports are made in one foreign currency then that currency would be taken into account for fulfillment of export obligation. In respect of licenses which h .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X