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NEWS LETTER
DGFT
Hand Book of Procedures
Foreign Trade Procedure (upto 07/04/2005)
PARA 5.14
Regularisation of Bonafide Default
5.14
In case, EPCG licence holder fails to fulfil the prescribed export obligation, he shall pay duties of Customs plus 15% interest per annum to the Customs authority as per paragraph 5.8.3.
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