https://www.taxtmi.com/caselaws?id=348262 The Foreign Trade Policy 2009-14 fixed EPCG export obligation at six times the duty saved on capital goods, while paragraph 6.18(d) allowed an EOU to exit and avail the prevailing EPCG scheme. Reading the FTP with the Handbook of Procedures, a unit shifting from EOU to DTA could seek EPCG authorisation, but the export obligation had to be computed under the policy then in force. The DGFT could interpret and implement the policy, but could not override it through Policy Circular No. 84 by adopting depreciated value as the basis. The clarification and consequential amendment were therefore invalid, and EPCG obligation had to be worked out on the duty saved basis. en-us Fri, 15 Sep 2017 00:00:00 +0530 Sat, 30 Dec 2017 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348262 The Foreign Trade Policy 2009-14 fixed EPCG export obligation at six times the duty saved on capital goods, while paragraph 6.18(d) allowed an EOU to exit and avail the prevailing EPCG scheme. Reading the FTP with the Handbook of Procedures, a unit shifting from EOU to DTA could seek EPCG authorisation, but the export obligation had to be computed under the policy then in force. The DGFT could interpret and implement the policy, but could not override it through Policy Circular No. 84 by adopting depreciated value as the basis. The clarification and consequential amendment were therefore invalid, and EPCG obligation had to be worked out on the duty saved basis. Case-Laws Customs Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348262