Question

We want to know that if we fail to make export obligation under EPCG scheme, Near about 50% export already made under EPCG scheme then how duty saved amount and interest thereon will be calculated? And who will provide said amount whether DGFT or Customs ? If possible then provide format of said calculation

Answer

You have to write a letter to the concerned court (Custom Officer) giving detail of Bill of Entry and Export obligation remained unfulfilled then the Custom Officer will calculate the amount of demand to be deposited.

But before this write a letter to the DGFT for calculation of the Export obligation remained unfulfilled and direction to deposit the tax with interest. So that when you are going for redemption of EPCG license then there is no new development (objection) by the DGFT. (Reply dt.19/07/2018)