Export Obligation

[kamal chordia]

If import of spares parts made under  EPCG Licence during  2009-10 and 2010-11 (18 Month). But export obligation is already fulfilled in the year  2009-10.

Should party required to maintained the average for the year 2010-11 also.

If no, related notification etc.

 

thanks

Kamal

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the said issue? If not please inform.

AI Summary

Export obligation under EPCG: whether annual average maintenance applies when obligation was already fulfilled in a prior year. Question whether an importer who imported spare parts under an EPCG licence across two years, but whose export obligation was already fulfilled in an earlier year, must still maintain the prescribed annual average export performance for the subsequent year, and request for any related notifications or regulatory guidance.