TaxTMI 
TaxTMI 
Hi, We have obtained EPCG license by the year of 2016 and we have achived the Export obligation by 50 percentage only (AA Nil ) We don't have the exports further . From this scenario, Shall go for redemption by 50% of EO and shall pay the customs duty along with interest for balance 50% portion which is not achived? Please guide
EPCG License
22 Jul 2024 
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EPCG export obligation shortfall: regularize by paying proportionate customs duty and interest to exit scheme.
Shortfall in fulfilment of export obligation under the EPCG scheme permits surrender of the unutilised authorisation and regularisation of the shortfall by paying customs duty, taxes and cess in proportion to the shortfall with applicable interest; payment may be made suo motu based on the holder's calculation, documentary evidence and online payment are required, and the Regional Authority will verify and may require additional payment before redeeming the case. (AI Summary)
Shortfall in fulfilment of export obligation under the EPCG scheme permits surrender of the unutilised authorisation and regularisation of the shortfall by paying customs duty, taxes and cess in proportion to the shortfall with applicable interest; payment may be made suo motu based on the holder's calculation, documentary evidence and online payment are required, and the Regional Authority will verify and may require additional payment before redeeming the case. (AI Summary)