TaxTMI 
TaxTMI 
Need advice on EPCG SEO and AEO Fulfilment
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....eed advice on EPCG SEO and AEO Fulfilment<br> Query (Issue) Started By: - Pralhad Jadhav Dated:- 11-2-2026 Last Reply Date:- 14-2-2026 Customs - Exim - SEZ<br>Got 4 Replies<br>Customs<br>Dear Experts, please guide me through the following query: The EPCG license period is complete. 1. There are certain shipping bills on which duty drawback benefit has been availed however, EPCG license refer....
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....ence is not present. At the time of redemption, can I request the RA to consider such shipping bills towards the EPCG license which was inadvertently not mentioned therein. 2. I have completed my Specific Export Obligation (SEO) in the first year itself, however throughout six years except one year I have not satisfied my Average Export Obligation (AEO). In such a situation, will it mean that I....
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.... will have to pay 100% percent of the actual duty saved amount or only proportionate of sum of balance SEO+AEO that is not fulfilled. 3. The shipping bills on which drawback benefit has been claimed but no license number is mentioned, can it be used to fulfill the AEO of two EPCG Licenses. Thanks in Advance. Reply By Venkata K: The Reply: Dear Sir Answer for your first qu....
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....estion is "NO" license no is must in the shipping bill for fulfilment of Specific Export Obligation. If possible please explore revision of Shipping bills. Answer for your Second question: please check Sum of all fiver years export value is equal or greater than Average export obligation fixed by DGFT of a year x 6 years. Further please check whether Average export obligation value mentio....
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....n in the license is correct or not, in case of any correction you can apply for correction. Answer for third question: Shipping bills used for average export obligation cannot be used for Specific export obligation. Reply By YAGAY andSUN: The Reply: SB without EPCG reference May be allowed at RA discretion with justification Drawback claimed May require refund/adju....
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....stment SEO completed but AEO failed Proportionate duty + interest on shortfall Same SB for two licenses Not allowed Reply By YAGAY andSUN: The Reply: Practical Suggestions Before filing redemption: • Prepare a detailed reconciliation statement: • License-wise exports • SEO vs AEO calculation • Shortfall yea....
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....r-wise • Take CA certification. • If AEO shortfall exists, compute proportionate duty yourself and be ready to regularize. • Make a well-drafted submission to RA explaining facts transparently. Reply By Shilpi Jain: The Reply: You would have to apply for amendment of the SB to get the license number added. If not request the officer to consider ....
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....them towards this EPCG. DBk is not restricted for goods exported for fulfilment of EPCG export obligation. Pls prepare a reco of the total exports and then consider whether SEO and AEO satisfied. How can you satisfy SEO without AEO. You have to fulfill the AEO in each year.<br> Discussion Forum - Knowledge Sharing ....