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Average Export Obligation not maitained under EPCG

Allied Laws - Started By: - Narendra Soni - Dated:- 12-1-2017 Last Replied Date:- 24-2-2017 - Dear Experts,Please suggest what are consequences and what are remedies if Average Export Obligation could note be maintained under EPCGThanks.. - Reply By Ganeshan Kalyani - The Reply = The duty which was saved while importing would required to be paid if export obligation is not met. Thanks. - Reply By KASTURI SETHI - The Reply = I endorse the views of Sh.Ganeshan Kalyani, Sir. There is penalty provis .....

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e guide line. - Reply By Narendra Soni - The Reply = Dear Sir,I think,the 50% in first bock and 50% in balance block is applicable for specific export obligation only.You have to maintain the average export obligation mentioned in EPCG authorisation in each year untill completion of specific obligation.Please confirm my view. - Reply By MUKUND THAKKAR - The Reply = Not each year 50% of first block you have to maintained. - Reply By Narendra Soni - The Reply = Dear Sir, Please see the para 5.14 ( .....

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hether Block wise EO is applicable both for AEO and SEO, or only for SEO. Thanks n Regards. - Reply By Ganeshan Kalyani - The Reply = I support the views of Sri Mukund Ji. The replies is in accordance with the extract of the provision reproduced here in TMI by Sri Soni Ji. The condition mentioned is applicable for specific export obligation while maintaining average export obligation.Thanks. - Reply By Narendra Soni - The Reply = Dear Kalyani Ji,Thanks for supporting Mr.Mukund.But, as per our Jt .....

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Sh.Ganeshan Kalyani, Sir. - Reply By YAGAY AND SUN - The Reply = enriching discussions - Reply By Ganeshan Kalyani - The Reply = Yes, in fact. - Reply By Subhash Modi - The Reply = The past annual average obligation has to be mandatorily fulfilled year-on-year basis, It is the specific EO which is to be fulfilled up to 50% within the first block of 4 years and balance 50% within the ensuing 2 years or extension allowed as per the Policy provisions. All exports during a year serially should be fi .....

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