Para 5.14
- Document type
- Procedure
- Reference no.
- 05
- Dated
Regularisation of Bonafide Default
Regularisation of Bonafide Default 5.14
In case, EPCG licence holder fails to fulfill 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. This facility of payment of interest @15% shall be available to all pending cases of regularisation of EPCG licences irrespective of the date of its issuance.
In case, EPCG licence holder fails to fulfill 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. This facility of payment of interest @15% shall be available to all pending cases of regularisation of EPCG licences irrespective of the date of its issuance.