In my opinion, you must pay the interest.
Q. Can you let me know the process of e-commerce through courier and post?
In case of exports through courier, you have to follow the procedure prescribed in the Courier Imports and Exports (Clearance) Regulations, 1998. For exports by post, you have to follow the procedures prescribed in the Exports by Post Regulations, 2018. The forms to be filled in by you for exports through e-Commerce are also given in the said Regulations.
Q. As an EPCG authorisation holder, we did job-work for an exporter by way of embroidery on garments and invoiced the exporter for the job-work done. Can invoice value in rupees representing job-work go towards discharge of export obligation (EO)? Is it in order to convert the rupee value of invoice into USD at the exchange rate prevalent on the date of issuance of authorisation?
There is no provision in the EPCG scheme to count such rupee earnings on domestic job-work towards discharge of EO.
queries related to excise, VAT and exim policy.
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