EXPORT OBLIGATION UNDER EPCG

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....XPORT OBLIGATION UNDER EPCG<br> Query (Issue) Started By: - AJAY KUMAR Dated:- 26-2-2019 Last Reply Date:- 27-2-2019 Customs - Exim - SEZ<br>Got 1 Reply<br>Customs<br>I got an EPCG licence showing fol....

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....lowing export obligations: (a) Average Export Obligation - USD 2295643.00 (b) Previous Export Obligation - USD 114470.05 (c) Additional Export Obligation - USD 849983.00 The licence has been issue....

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....d to me on 2014 . till date I have exported - USD 1919837.00 whether I have fulfilled the EO? Reply By Spudarjunan S: The Reply: Dear Sir, For verifying whether the EO has been fulfilled or not, k....

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....indly verify the amount of duty saved through EPCG licence and calculate six times of such duty which is your export obligation. You need to achieve this obligation within prescribed time limit i.e. 6....

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.... years, over and above your Average Exports.(Average Exports would be the arithmetic mean of export performance in the preceding three licensing years for same and similar products.)<br> Discussion Fo....

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