Fulfillment of export obligation / Export process under EPCG licence
Under the EPCG Scheme, the licenses issued have to be monitored over a six-year period for the completion of export obligation.
During the export obligation period goods are produced and exported under EPCG License. During this period it is very essential to take care of proper export documentation so that the shipping bills are counted for the export obligations.
Execute Exports (Finished Product) duly mentioning Export Product, ITC (HS) Code, FOB Value (US$ / ₹), EPCG No & EPCG Date which should be exactly as per EPCG on Export Documents such as Shipping Bill / Bill of Export / GST Invoice by opting Direct Export / Third Party / Export to SEZ / Deemed Export.
The EPCG authorisation holder can either export directly or through third party(s). Export proceeds must be realized in freely convertible currency except for deemed exports
Our experts provide guidance on what has to be mentioned in the shipping bills under EPCG to make it count for EO Contact us