https://www.taxtmi.com/circulars?id=3359 Extension of export obligation for EPCG licences is available up to 31.03.2002 if the licence-holder applies by 29.06.2001 to the original licensing authority and submits a Bank Guarantee covering Customs duty proportionate to the unfulfilled obligation plus simple interest at 24% up to 30.09.2002; the BG must be valid to 31.03.2003 and will be forfeited if the extended obligation is not met. Existing qualifying BGs may be relied on with supporting proof; completed exports outside the original period are regularised without BG. No extension where fraud/misrepresentation or adjudication orders exist; adjudication will follow for non-compliance after 29.06.2001. en-us Sat, 31 Mar 2001 00:00:00 +0530 Mon, 24 Dec 2007 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3359 Extension of export obligation for EPCG licences is available up to 31.03.2002 if the licence-holder applies by 29.06.2001 to the original licensing authority and submits a Bank Guarantee covering Customs duty proportionate to the unfulfilled obligation plus simple interest at 24% up to 30.09.2002; the BG must be valid to 31.03.2003 and will be forfeited if the extended obligation is not met. Existing qualifying BGs may be relied on with supporting proof; completed exports outside the original period are regularised without BG. No extension where fraud/misrepresentation or adjudication orders exist; adjudication will follow for non-compliance after 29.06.2001. Circulars DGFT Sat, 31 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3359