Please suggest If we import some capital goods under the EPCG scheme (raw material is purchased from the domestic market after paying the gst). Now while making exports (to fulfill export obligation ) , is it compulsory to make export of goods under LUT?
'OR' export with payment of GST option will be available or not?
Thanks
Export Goods Under EPCG Scheme Now Possible With GST Payment; Rule 96(10) Removed Per Notification 20/24-CT A user inquired about the possibility of exporting goods under the EPCG scheme using an LUT or with payment of GST. A respondent clarified that exports with payment are allowed since rule 96(10), which previously restricted this, has been removed. They mentioned a High Court decision that invalidated rule 96(10) retrospectively, suggesting a favorable situation for the inquirer. The user requested the notification number confirming the rule's removal, which was provided as Notification 20/24-CT. The discussion focused on clarifying export obligations under the EPCG scheme in relation to GST. (AI Summary)
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