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Average Export Obligation not maitained under EPCG

Allied Laws - Started By: - Narendra Soni - Dated:- 12-1-2017 Last Replied Date:- 14-1-2017 - 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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