Average export under EPCG Scheme

[kamal chordia]

Kindly confirm below is the correct way to workout average export performance under EPCG Scheme

WITH REFERENCE TO DGFT CIRCULAR NO 28/07 DT 22.01.08

TOTAL EXPORT - AVERAGE MAINTAINED - ADDITONAL MADE  BUT LICENCE NOT  REDEEMED= ADDITONAL EXPORT OBLIGATION MADE AND LICENCE IS REDEEMED

OR

WE CAN SAY THE AVERAGE EXPORT  IS ARITHMATIC MEAN OF  ADDITONAL EXPORT OBLIGATION UNDER EPCG LICENCES WHICH WERE REDEEMED IN PRECEEDING 3 LICENCING YEAR.

Kindly check and revert

Thanks & regards

KAMAL

[kamal chordia]

Dear Sir

Please note as under

[1] Our export of last three year was 20, 25, 15 crore respectively.

[2] The Additional Export obligation made under EPCG Licence which were  redeemed as  Rs 5,6,3 Crore Respectively.

[3] The additional export made but the licence is not redeemed as Rs 1,2.5, 1 Crore

 

Now my questation is that in abive case what would be the average export obligation.

 

Kindly check and revert

thanks & regards

Kamal

 

AI Summary

Clarification sought on calculating average export performance under EPCG Scheme; two methods presented using DGFT circular. A participant in a discussion forum seeks clarification on calculating average export performance under the EPCG Scheme, referencing a specific DGFT circular. They present two potential methods: one involving total exports minus average maintained and additional made but not redeemed, and another using the arithmetic mean of additional export obligations under redeemed EPCG licenses over the preceding three years. They provide export figures for the past three years and additional exports under redeemed and non-redeemed licenses, requesting guidance on determining the average export obligation.