Respected Experts,
(A) My first query is that why is it important for exporter to maintain Average export for redemption of EPCG license?
(B) My another query is that if it is a new company and opt for the third party Export obligation to export the goods
And he never exports the product then why it is not important for that company to maintain Average export
The new company is not even exporting not even maintaining average export then also getting export obligation fulfilled by the help of third party export?
EPCG License: Established Exporters Must Maintain Average Exports; New Companies Exempt Due to No Export History An individual inquired about the necessity of maintaining average exports for EPCG license redemption, questioning why this requirement applies to established exporters but not to new companies using third-party exports. The response clarified that established companies must maintain average exports to ensure that new EPCG-related exports do not interfere with regular export obligations. In contrast, new companies are exempt from this requirement as they have no prior export history, making the average export clause inapplicable to them. (AI Summary)
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