Calculation of Bond Amount
Rahul Chandak (Student) (34 Points)
13 June 2016
I want to know how to calculate the bond amount written in EPCG license in custom clearance.
3 Replies
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 14 June 2016
Generally it will be equivalent of the duty saved amount i.e the value of epcg license
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 20 June 2019
Bond should be given for duty saved + interest for the period of license.
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 24 June 2019
Yes, bond amount in EPCG is calculated considering duty saved amount +amount of interest for the period up to which the Export Obligation period as per the EPCG licence is running. For example Export obligation is to be fulfilled within six years Interest is to be calculated for 6 years.
Recent Topics
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
Related Threads
CAclubindia
