annual averabg export obligation

[SRINIVASARAO PEDDI]

Dear Sir,

Under the export promotion capital goods(EPCG)Scheme what is concequence if he can not maintained the stipulated annual average exports in a particular years however we have complete the specific licnece wise and blockwise obligation

Please proved the penealities if any under notification / Circular.

regards

T.Ramarao

AI Summary

No Penalties for EPCG Scheme if Block-Wise Average Export Requirements Met, Despite Overall Annual Shortfall. A user inquired about the consequences of not maintaining the stipulated annual average exports under the Export Promotion Capital Goods (EPCG) Scheme, despite fulfilling specific license and block-wise obligations. The response clarified that if the average export requirement is met on a block-wise basis, no penalties would be imposed.