Dear Sir,
Kindly guide me for procedure of Redemption of EPCG Authorisation.
Condition as per Authorisation:
Average: Last previous year 0.00 (As new Started for Export)
However We have imported Machinery.
Completed 50% Export Done as 3 times of Duty Saved Amount.
My Query: We can Submit 50% Export done and
50% Pending Amount of Duty Saved - We wish to pay duty + interest.
Or fully duty with interest paid.
Mo:8141607228.
User seeks guidance on redeeming EPCG Authorization after fulfilling 50% export obligation; considers duty payment with interest. A user inquired about the procedure for redeeming an EPCG Authorization, having completed 50% of the export obligation and considering paying the remaining duty saved amount with interest. A Chartered Accountant requested clarification on whether the user intended to pay 50% of the duty saved with interest. The user confirmed this intention. Another respondent suggested that if the user anticipates not fulfilling the export obligation, they could pay the duty and interest, advising to refer to Chapter 5 of the Foreign Trade Policy (FTP) and Handbook of Procedures (HBP) Volume 1 for guidance. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
