EPCG & Advance License

[Guest]

I wanted to know the updated rates under EPCG and Advance license , the rate at which duty is exempted and the Export Obligation in each case.

Please reply asap.

Thank you.

[YAGAY andSUN]

Kindly check the Chapter 4 & 5 of the FTP read with HBP Vol.1 and Annual Supplements in this regard.

[Guest]

rate is dependant upon the product rate which is to be import. except CVD all duty is exempted in advance lic.

[Guest]

Thank you for the inputs. I was importing polymer, foil and MB and capital goods as well. So the duty on these raw materials is exempted?

[Guest]

whatever raw material / CG u want to import, must be there on the licenses.

AI Summary

Duty exemption under Advance License: most customs duties are exempted except CVD; imported items must be specified on the licence. Duty exemption under Advance Licence and EPCG depends on the specific items listed on the licence; most customs duties are exempted under Advance Licence except countervailing duty, and applicable exemptions and export obligations are governed by the Foreign Trade Policy and procedural manuals.