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The period of time permitted for the fulfillment of the export obligation under EPCG is
Answer & Solution
Correct Answer:
Option
B
The period of time permitted for the fulfillment of the export obligation under EPCG is 8 years. Customs duty subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme to be fulfilled over a period of 8 years reckoned from the date of issuance of licence. Capital goods would be allowed at 0% duty for exports of agricultural products and their value added variants
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