REDEMPTION/INVALIDATION OF EPCG LIC

[Asked by Guest]

I have purchsed machines from EOU (indigenous sourcing of capital goods)

I have just start export through third party and direct

so kindly let me know the process and procedure for fulfilment of export obligation 

what the requirement of the same??

thanks 

sonu parsad

[YAGAY and SUN]

Please check the para 5.7 and  5.8 of the HBP VOL.1 in this regard.

[kamal chordia]

For fulfillment of export obligation, first you have to check your  licence that how much Average  export and Export obligation is imposed on the Condition sheet/ Licence body.

After Installation of the capital goods you have to start your export under the EPCG Licence.

For fulfillment of E.O. you have  to do all export under the EPCG Licence No i.e. your all shipping bill must showing  the EPCG Licence No 

You have to do this process till your average export plus E.O. is not fulfilled.

After comletion of export obligation you have to file application to concerned DGFT in AFF-5B along with Installation certificate, shipping bill, BRC etc.

 

Hope  matter will be clear.

 

 

[kamal chordia]

For fulfillment of export obligation, first you have to check your  licence that how much Average  export and Export obligation is imposed on the Condition sheet/ Licence body.

After Installation of the capital goods you have to start your export under the EPCG Licence.

For fulfillment of E.O. you have  to do all export under the EPCG Licence No i.e. your all shipping bill must showing  the EPCG Licence No 

You have to do this process till your average export plus E.O. is not fulfilled.

After comletion of export obligation you have to file application to concerned DGFT in AFF-5B along with Installation certificate, shipping bill, BRC etc.

 

Hope  matter will be clear.

Kamal Chordia

 

AI Summary

EPCG licence compliance requires all exports under the licence until average export and export obligations are fulfilled, then file AFF-5B.
After installation of capital goods, all exports must be made under the EPCG Licence with the licence number on every shipping bill until the combined average export requirement and export obligation are fulfilled; thereafter file AFF-5B with the installation certificate, shipping bills and BRCs to complete licence compliance.