EPCG third-party export applicability clarified: amendment applied prospectively; export obligation counted only on realised payments. The amendment to para 5.10(c) of the HBP 2015-20 is prospective: it applies to third-party exports made against EPCG authorisations issued on or after 05.12.2017, while prior exports remain under the earlier policy. Exports up to 04.12.2017 may count the full realised shipping bill value toward EPCG obligations (subject to single counting and Average Export Obligation rules); exports from 05.12.2017 onward count only the actual payment realised through the normal banking channel into the authorisation holder's account.
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 third-party export applicability clarified: amendment applied prospectively; export obligation counted only on realised payments.
The amendment to para 5.10(c) of the HBP 2015-20 is prospective: it applies to third-party exports made against EPCG authorisations issued on or after 05.12.2017, while prior exports remain under the earlier policy. Exports up to 04.12.2017 may count the full realised shipping bill value toward EPCG obligations (subject to single counting and Average Export Obligation rules); exports from 05.12.2017 onward count only the actual payment realised through the normal banking channel into the authorisation holder's account.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
