A. 5 years
B. 8 years
C. 7 years
D. 10 years
✅ The correct answer is 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
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