26 August 2012
Dear Experts, The company which i carry the internal audit has imported capital goods without payment of import duty under EPCG scheme few years before. 1. Within how many years the export obligation has to be met? 2. The company has also exported goods over the years, but without quoting the EPCG licence in the export invoice bill. I want to know what are the procedures that the company has to follow for meeting the export obligations. Since i have to satisfy my superior when they cross verify me. Your clarifications will be highly appreciated. Thanks & Regards, Rajesh.
CAclubindia
