year for AEO & Progressive Report V/s Blockwise Export

[MAHENDRA SINGH RAJPUROHIT]

 

Dear Sir,

How to we count Average Export Obligation & Export Obligation for an EPCG licence.  It’s start from Licence issue date or machine Installation date or financial year from April to march.

Secondly what is a difference between Progressive Report & Block wise Export Statement for EPCG Licence.

Please give us your valuable suggestion.

[RADHAKRISHNA KOPPARAPU]

The export obligation starts from the date of license only

Radhakrishna

[DEV KUMAR KOTHARI]

It will be risky to answer an incomplete query. This is a complex subject, You have to consider full facts, applicable policy at relevant times and any amendments in the same. Please go through relevant sections in FTP

AI Summary

Export Obligation start date for EPCG licences: obligation begins from the licence issue date; check FTP for reporting distinctions. A query whether EPCG average and export obligations commence from licence issue date, machine installation date, or financial year is answered that export obligation commences from the licence issue date; distinction between Progressive Report and Blockwise Export Statement is unresolved and requires consideration of full facts and the applicable Foreign Trade Policy provisions and amendments.