EPCG & Advance License

[Asked by 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 and SUN]

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

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

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?

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.