TMI BlogExport of group company - fulfillment of Average Export Export ObligationX X X X Extracts X X X X X X X X Extracts X X X X ..... We are mfg. Exporter and issued Certain EPCG Licence by D.G.F.T., endorsed with Average Export Obligation of Rs. 129 crore per year. We would like to draw your attention towards Custom Notification No. 64/2008 . The extract of said notificatin is as under: "Provided further that in respect of Group Company as defined in paragraph 9.28 of the Foreign Trade policy where license has been issued to a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny one of such Group Company, the export obligation may also be fulfilled by export of manufactured goods by any other company(s) belonging to such Group Company" It is clear that specific export obligation of EPCG licence (i.e. 8 times of duty saved amount) can be fulfilled by Group Company. Let us know, whether the Export of Group company can be count in fulfillment of Average Export Export Obli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gation. - Reply By Pradeep Khatri - The Reply = Refer para 5.5 of the Chapter 5 of the FTP 'EXPORT PROMOTION CAPITAL GOODS (EPCG) SCHEME' - Reply By Rama Krishana - The Reply = Please check your query again. The paragraph you mentioned is from notification no. 97/2004 (before amendment) and not from 64/2008. Anyway, the intention of the notification is not to allow the export by other group com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... panies to be counted as export obligation of the group company in question. The group company in question is allowed to export the goods manufactured by the group companies to achieve the export obligation. Moreover such other group company must have the EPCG authorization as per the new FTP. - Export of group company - fulfillment of Average Export Export Obligation - Query Started By: - PRAVIN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... BHANDARI Dated:- 5-12-2009 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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