Export obligation before GST after GST under EPCG scheme.

 

  Utilization of EPCG quantity before GST regime and after GST regime

 

  

Export obligation before GST after GST under EPCG scheme.The below information explains about EPCG obligations before GST and after GST.

 

The utilization of quantities under EPCG before and after GST also is clarified.

 

I have imported part quantity goods under EPCG scheme before implementation of GST. Another part of import under same EPCG license is being imported after GST implementation. Can the balance quantity be utilised without any implications on export obligation? Should I need to pay IGST? How does export obligation under such EPCG scheme adjusted?

 

As per GST Law, the balance import quantities under EPCG can be utilised for duty free import but only Customs Duties will be exempted on import after 01.07.2017. The applicable IGST will be required to be paid. Since the export obligation is based on actual duty saved amount, the EO will be accordingly adjusted.

 

The above information explains about EPCG obligations before GST and after GST.

 

The utilization of quantities under EPCG before and after GST also is clarified.

 

 

If you would like to add more details about quantity utilization of EPCG scheme before GST and after GST may be added below. The obligation under EPCG scheme under GST regime and before GST regime also may be discussed with your experience below:

 

What is EPCG How EPCG works in Export Import trade?

Difference between EPCG and ECGC

EPCG scheme under new Foreign Trade Policy 2015-20 (FTP 2015-20)

EPCG under Foreign Trade Policy 2015-20

Guidelines to execute Bank Guarantee, Legal under Taking for EPCG and Advance Authorization

Action on default in export obligation under the Advance or EPCG authorizations

FTP 2015-20, Changes in Schemes of reward or incentive, advance authorization or DFIA, EPCG or post export EPCG

Impact on EPCG scheme after introduction of GST in India.

Import under EPCG after GST

 

Local procurement of goods by EOU under GST

Export obligation before GST after GST under EPCG scheme.

Utilization of Advance Authorization scheme before GST and after GST

Conditions to sell in DTA under GST regime

Is GST payable on supplies to Export Oriented Units?

Is free import of capital goods allowed to EOU against Procurement certificate?

Is EOU required to pay IGST on imports?

Any operational change of SEZ scheme after GST

Should an EOU pay GST on imports?

What type of duties can be paid using MEIS or SEIS scrips now?

Can SEIS scrips be used to pay customs duty against import of GST items?

GST and SEIS

Meaning of zero rated GST under IGST Act

Is GST applicable on supply of services to SEZ?

Is supply of goods to SEZ imposed GST?

  

Click here to know GST rate payable for goods or service

Click here to know GST exemption list of goods and service

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

How to get Export Order?

GST Registration Guidelines

Service Tariff Code for GST

  

How to obtain a duplicate BL, if original bill of lading lost.

How to obtain GSP - Certificate of Origin?

How to obtain Phyto sanitary certificate. What is phytosanitary certification

How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

How to open an LC? Procedures to open a Letter of Credit

How to overcome credit risk in export business?

How to overcome Negative thoughts in export business

How to prepare an Export Invoice. Contents of Export commercial Invoice

 

 

 

GST scheduled rate on Engine, motors and parts

GST rate on goods under HSN Chapter 08

 GST on Gas meter, liquid meter or electricity supply meter

 

GST rate applicable goods under HSN Chapter 35


 

Click here to know GST rate on Goods and Services

 

GST Exemption list of goods and services

 

Find HSN number or Service tariff code for GST

 

GST registration guidelines

 

Indian GST Laws

 

How to export your goods?

 

Learn exports imports free of cost

 

 

 

GST rate changes 06th October, 2017

 

Reduced GST rates as per GST council meet 09th September 2017

 

How does a Running bond work?
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC
Transferability of Bill of Lading
Transhipment - A redefinition        
Triangular shipment
Types of Insurance Documents
How does CENVAT Credit work?
Import General Manifest (IGM)
Importance of Bill of Lading
Is Airway bill a documents of title?

 

GST exemptions for SME

GST, Composition scheme changes

GST council meet decision as on 06th October, 2017

Minimized GST rate on Biomass briquettes

Reduced GST rate on Parts of power driven pumps designed for water handling

Reduced GST rate on Parts suitable for Speed Diesel Engines of power not exceeding 15HP

Minimized GST rate on Real Zari

Minimized GST rate on Sewing thread of manmade staple fibres

Reduced GST rate on All synthetic filament yarn, such as nylon, polyester, acrylic, etc.

 



Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers