TaxTMI 
TaxTMI 
Dear Sir,
Pl. let me know whether export made against EPCG license can be counted towards fulfilment of export obligation for Advance License simultaneously.
EO agst EPCG & Advance License
30 Jun 2012 
5 Replies 
9250 Views Asked by
Export obligation crediting: exports can satisfy EPCG and Advance Licence obligations concurrently when declared under proper scheme codes.
Exports declared under the appropriate scheme codes on the shipping bill can be credited simultaneously to fulfill EPCG and Advance Licence export obligations. Advance Authorization mandates a minimum 15% value addition on imported inputs; Advance Licence obligations are quantity based and EPCG obligations are value based. DGFT issues separate obligations, but a single shipping bill filed with combined scheme codes can discharge both obligations when properly instructed to the CHA. (AI Summary)
Exports declared under the appropriate scheme codes on the shipping bill can be credited simultaneously to fulfill EPCG and Advance Licence export obligations. Advance Authorization mandates a minimum 15% value addition on imported inputs; Advance Licence obligations are quantity based and EPCG obligations are value based. DGFT issues separate obligations, but a single shipping bill filed with combined scheme codes can discharge both obligations when properly instructed to the CHA. (AI Summary)