EPCG Authorisation Redemption

[satish padhiyar]

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.

AI Summary

EPCG authorisation redemption: export obligation may be discharged by paying duty saved plus interest under FTP guidance.
EPCG authorisation redemption permits an exporter who cannot fulfil the remaining export obligation to discharge that obligation by payment of the duty saved together with applicable interest; this compliance option should be considered under Chapter 5 of the Foreign Trade Policy read with the Handbook of Procedures Vol. I, and factual clarification is advised before applying the procedure.