Mathematics · Export Promotion Calculations
A manufacturing firm in India imported capital goods under the Export Promotion Capital Goods (EPCG) scheme, saving a total duty of ₹45,00,000. Under standard Foreign Trade Policy rules, the firm must fulfill a total Export Obligation (EO) equal to 6 times the duty saved. Calculate the total Export Obligation (in Rupees) and state the timeframe within which it must be completed from the date of issue of authorization.
- 1₹1,80,00,000 within 6 years
- 2₹2,70,00,000 within 5 years
- 3₹3,60,00,000 within 8 years
- 4₹2,70,00,000 within 6 years✓
Correct answer
₹2,70,00,000 within 6 years
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