Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Terms and conditions for issue of EPCG authorizations to EOU units after conversion to DTA unit-Regarding

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated the 30th April, 2009 CIRCULAR NO. 84 (RE:2008)/2004-09 To All RA's Subject: Terms and conditions for issue of EPCG authorizations to EOU units after conversion to DTA unit-Regarding Attention is invited to Circular No.79 dated 1.4.2009 regarding terms and conditions for issue of EPCG au .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... bonding of the unit shall be fixed by excluding the exports made by the debonded unit from the total exports of the firm/company, which runs concurrently for all the units of the firm/company. In such a case, an additional EO equivalent to six/eight times of the depreciated value would be imposed on the debonding unit shifting to the EPCG Scheme. This issues with the approval of DGFT. (Aka .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nding under EPCG scheme. The issue of fixation of export obligation in such cases has also been examined. It is clarified that where one unit of the firm/company opts to debond under EPCG scheme, the average export obligation in respect of the licence issued to the firm/ company (other than the debonding unit) shall remain unchanged. On the debonding unit, the average export obligation shall be .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates