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DGFT Hand Book of Procedures HB Vol.1 ( upto 31/08/2004) PARA 5.14

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.

(Para 5.14 has been corrected vide PN. NO. 08/2003, DT. 14/05/2003)

[OLD -
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 5.8/5.8.1.]

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