EPCG licence query

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..... Dear sir, We have old EPCG licence by mistake we have all old epcg licence with more Average export than our past annual Production of company. we have 14 EPCG licence with that type of problem. we have done export equlant to our licence export obligation and not fullfil averege export obligation. Please guide us. - Reply By Mangesh Lokre - The Reply = Good morning ! You have mentione .....

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..... d that you are holding the old EPCG lic. how much they old are ? Are the Lic issued prior to 2004 ( where EO=5 times if CIF Value ). Average Export of past performance is not of the individual unit but it is of the gropu companies. Please check. If Not so, then you are advised to approach to DGFT and get the Average Export Corrected. If required may please approach to EPCG commity. As far As .....

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..... EO fulfilment is concern, the Export dones first counts toward the fulfilment of the Average Export then over and above the export made counts toward the EO Fulfilment. If your average Export is INR 1000 and EO is INR 800, then the export made for the prescribed block first counts toward the fulfilment of the Average Export ( INR 1000) and over and above the average export ( INR 1000) will be c .....

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..... ounts towards fulfilment of EO ( INR 800 ) AS you are saying that you have done the export equivalent to the EO without fulfilment of the Avergae Export, then keep in the mind that the export is count towards the fulfilment of the Average Export Only. Please check, out of 14 Lic, do some Lic are issued within the say year. If yes, then the you have to fulfill the AE for only One Lic ( which ho .....

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..... lds the highest Average Export ). Not need to fulfill the Average Export in all the lic. Also the Export EO fulfilled can be clubbed with other Lic issued in the same FY. Thanks - EPCG licence query - Query Started By: - MAHENDRA SINGH RAJPUROHIT Dated:- 15-6-2011 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expe .....

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..... rt, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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