https://www.taxtmi.com/circulars?id=3511 Amendments provide that where Customs duty is payable on unutilised material or due to shortfall in EPCG export obligation, such duty must be paid along with interest; pending cases of regularisation of bonafide default for Advance Licences and EPCG licences are covered irrespective of issuance date. EPCG licence-holders in specified circumstances may obtain export obligation extensions subject to submission of bank guarantees covering Customs duty proportional to unfulfilled obligations with specified interest and validity, exclusions apply for licences involving misrepresentation, fraud, or existing adjudication orders. en-us Thu, 22 May 2003 00:00:00 +0530 Sat, 29 Dec 2007 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3511 Amendments provide that where Customs duty is payable on unutilised material or due to shortfall in EPCG export obligation, such duty must be paid along with interest; pending cases of regularisation of bonafide default for Advance Licences and EPCG licences are covered irrespective of issuance date. EPCG licence-holders in specified circumstances may obtain export obligation extensions subject to submission of bank guarantees covering Customs duty proportional to unfulfilled obligations with specified interest and validity, exclusions apply for licences involving misrepresentation, fraud, or existing adjudication orders. Circulars DGFT Thu, 22 May 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3511