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EPCG Authorisation Redemption, Customs - Import - Export - Customs - SEZ

Issue Id: - 116503
Dated: 23-6-2020
By:- satish padhiyar
EPCG Authorisation Redemption

  • Contents

Dear Sir,

Kindly guide 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% 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.


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Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 24-6-2020
By:- CA Venkataprasad

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? Can you elaborate your question

2 Dated: 25-6-2020
By:- satish padhiyar

yes sir

3 Dated: 27-6-2020

In our view, you can pay duty and interest if you predict that EO cannot be fulfilled by you as specified in the EPCG License. Please check chapter 5 of FTP read with HBP Vol. 1.


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