Utilization of EPCG quantity before GST regime and after GST regime
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
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Export obligation before GST after GST under EPCG scheme.
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