EPCG export obligation: exporters must not claim duplicate incentives for the same foreign exchange; authorities to verify and recover. Clarifies that Para 5.4(v) FTP RE2007 - barring foreign exchange counted for EPCG EO from receiving Chapter 3 incentives - applies only to exports made during 1.4.2007-31.3.2008; exporters must declare EPCG Authorisation/File No on Shipping Bills so shipments used for EPCG EO are excluded from Chapter 3 benefits. RAs must verify Shipping Bills, run a special 45 day compliance drive, report to headquarters, and recover any excess benefits through surrender/reduction of duty credit scrip, TR challan deposit, or adjustment against pending scrips. At EPCG redemption, RAs must recheck that duty credit scrip was not granted for the same foreign exchange used to discharge EPCG EO.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
EPCG export obligation: exporters must not claim duplicate incentives for the same foreign exchange; authorities to verify and recover.
Clarifies that Para 5.4(v) FTP RE2007 - barring foreign exchange counted for EPCG EO from receiving Chapter 3 incentives - applies only to exports made during 1.4.2007-31.3.2008; exporters must declare EPCG Authorisation/File No on Shipping Bills so shipments used for EPCG EO are excluded from Chapter 3 benefits. RAs must verify Shipping Bills, run a special 45 day compliance drive, report to headquarters, and recover any excess benefits through surrender/reduction of duty credit scrip, TR challan deposit, or adjustment against pending scrips. At EPCG redemption, RAs must recheck that duty credit scrip was not granted for the same foreign exchange used to discharge EPCG EO.
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