https://www.taxtmi.com/circulars?id=7410 Export obligations under the EPCG scheme shall be denominated in US dollars at the exchange rate prevailing on the date of issuance of the licence; the licensing authority shall endorse that exchange rate on the reverse of the licence. Export proceeds in any currency shall be converted into US dollars at the endorsed licence-issue rate to determine fulfillment, except where all imports and exports under the licence are in a single foreign currency, in which case that currency will be used. Existing licences must be examined under these parameters. en-us Thu, 28 May 1998 00:00:00 +0530 Wed, 09 Sep 2009 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7410 Export obligations under the EPCG scheme shall be denominated in US dollars at the exchange rate prevailing on the date of issuance of the licence; the licensing authority shall endorse that exchange rate on the reverse of the licence. Export proceeds in any currency shall be converted into US dollars at the endorsed licence-issue rate to determine fulfillment, except where all imports and exports under the licence are in a single foreign currency, in which case that currency will be used. Existing licences must be examined under these parameters. Circulars DGFT Thu, 28 May 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7410