EPCG Obligation

[vikas kumar]

I want to know about EPCG obligation process.

AI Summary

Understanding EPCG Obligations: Export Goods Worth 8 Times Duty Saved, Track FOB Value and Include EPCG License in Exports. A participant inquired about the process of fulfilling Export Promotion Capital Goods (EPCG) obligations. The response clarified that the obligation involves exporting goods worth eight times the duty saved amount. After installing the capital goods, the EPCG license number should be included in the export shipping bill, and the Free on Board (FOB) value should be tracked until the obligation is met, which is in addition to maintaining the average export value.