REDEMPTION/INVALIDATION OF EPCG LIC

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..... REDEMPTION/INVALIDATION OF EPCG LIC
Query (Issue) Started By: - sonu parsad Dated:- 7-9-2012 Last Reply Date:- 7-9-2012 Customs - Exim - SEZ
Got 3 Replies
Customs
I have purchsed machines from EOU (indigenous sourcing of capital goods) I have just start export through third party and direct so kindly let me know the process and procedure for fulfilment of export obligation what th .....

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..... e requirement of the same?? thanks sonu parsad Reply By Pradeep Khatri: The Reply: Please check the para 5.7 and 5.8 of the HBP VOL.1 in this regard. Reply By kamal chordia: The Reply: For fulfillment of export obligation, first you have to check your licence that how much Average export and Export obligation is imposed on the Condition sheet/ Licence body. After Installation of the capit .....

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..... al goods you have to start your export under the EPCG Licence. For fulfillment of E.O. you have to do all export under the EPCG Licence No i.e. your all shipping bill must showing the EPCG Licence No You have to do this process till your average export plus E.O. is not fulfilled. After comletion of export obligation you have to file application to concerned DGFT in AFF-5B along with Installati .....

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..... on certificate, shipping bill, BRC etc. Hope matter will be clear. Reply By kamal chordia: The Reply: For fulfillment of export obligation, first you have to check your licence that how much Average export and Export obligation is imposed on the Condition sheet/ Licence body. After Installation of the capital goods you have to start your export under the EPCG Licence. For fulfillment of E.O. .....

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..... you have to do all export under the EPCG Licence No i.e. your all shipping bill must showing the EPCG Licence No You have to do this process till your average export plus E.O. is not fulfilled. After comletion of export obligation you have to file application to concerned DGFT in AFF-5B along with Installation certificate, shipping bill, BRC etc. Hope matter will be clear. Kamal Chordia
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..... iscussion Forum - Knowledge Sharing .....

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