We obtain EPCG Licence and we are Started export obligation against it. Please let us know which date shall be considered as ref.date to start export obligation period for redemption of EPCG Licence.
1. Licence Obtain date. or 2. Bill of entry date. or 3. Installation Certificate date
note thatThe Authorisation holder would intimate the Regional Authority on the fulfilment of the export obligation, as well as average exports, within three months of completion of the block, by secured electronic filing using digital signatures.
Refer to para 5.15 of HBPL Regarding Monitoring of Export Obligation ************************************* Authorisation holder shall submit to RA concerned by 30th April of every year, report on fulfilment of export obligation by secured electronic filing using digital signatures. RA concerned may issue partial EO fulfilment certificate, provided export performance is proportionately adequate for fulfilment of export obligation
02 November 2015
further note that para 5.23 policy procedure 2015-2020 Regularization of Bonafide Default and Exit from EPCG Scheme ****************************************** (a) In case, EPCG authorisation holder fails to fulfil prescribed export obligation, he shall pay Customs Duty along with applicable interest as prescribed by Customs Authority. Such facility can also be availed by EPCG authorisation holder to exit at his option. The authorisation holder will have the option to furnish valid duty credit scrips, issued under Chapter 3 or Chapter 5 of FTP, for payment of the Customs duty component.
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