EPCG Authorisation Redemption

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..... EPCG Authorisation Redemption
Query (Issue) Started By: - satish padhiyar Dated:- 23-6-2020 Last Reply Date:- 27-6-2020 Customs - Exim - SEZ
Got 3 Replies
Customs
Dear Sir, Kindly guide .....

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..... me for procedure of Redemption of EPCG Authorisation. Condition as per Authorisation: Average: Last previous year 0.00 (As new Started for Export) However We have imported Machinery. Completed 50% .....

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..... Export Done as 3 times of Duty Saved Amount. My Query: We can Submit 50% Export done and 50% Pending Amount of Duty Saved - We wish to pay duty + interest. Or fully duty with interest paid. Mo:8 .....

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..... 141607228. Reply By CA Venkataprasad: The Reply: Dear sir, Your query is not clear. Are you saying that 50% Export obligation is fulfilled and wanted to pay 50% of duty saved along with interest? .....

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..... Can you elaborate your question Reply By satish padhiyar: The Reply: yes sir Reply By YAGAY andSUN: The Reply: In our view, you can pay duty and interest if you predict that EO cannot be fulfilled .....

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..... by you as specified in the EPCG License. Please check chapter 5 of FTP read with HBP Vol. 1.
Discussion Forum - Knowledge Sharing .....

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