(IND) Extend the export obligation period for an EPCG license [AX 2012]

Updated: July 20, 2012

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

Each export obligation period for an Export Promotion Capital Goods (EPCG) incentive license is defined as one or more blocks of time. You can extend the blocks of time in the export obligation period.

When you extend a block, and the extended block overlaps a subsequent block, the starting date of the subsequent block is updated to a date that is one day after the ending date of the extended block. The total export obligation period for the selected EPCG scheme is not extended.

For example, you create an EPCG incentive scheme that has two blocks. The total period for the incentive scheme is eight years. The original period for Block 1 is five years, followed by Block 2 for three more years. When you extend Block 1 to six years, Block 2 is changed to two years, and the starting date of Block 2 is the day after the ending date for Block 1. The total period for all blocks is still eight years.

If you extend all blocks, the ending date for all of them is extended by the selected length of time, and the total period for the incentive scheme is also extended. The starting date for the second block and each subsequent block is updated to one day after the ending date of the previous block.

For example, you create an EPCG incentive scheme that has three blocks. The original length of time for each block is 24 months and the total export obligation period is six years. When you extend all blocks by four months, all blocks are changed to 28 months. Block 2 starts on the first day of the twenty-ninth month, and Block 3 starts on the first day of the fifty-seventh month. The total export obligation period for the incentive scheme is extended by one year to seven years in total, calculated as four months per block multiplied by three blocks.

  1. Click General ledger > Common > EXIM EPCG Schemes. In the EXIM EPCG Schemes list, open an EPCG incentive scheme.

  2. In the EXIM EPCG Schemes form, on the Overview FastTab, select an EPCG scheme that has a status of Approved.

  3. On the Lines FastTab, click Functions > Extension.

    NoteNote

    The Extension option is available only if the status of the selected EPCG scheme is Approved.

  4. In the Block extension form, select one or more blocks, and then click Create.

  5. In the Create extension form, in the Certificate number field, enter the certificate number of the EPCG license to extend.

  6. In the Issue date/time field, enter the date and time when the certificate was issued.

  7. In the Extension field, select the basis for extending the block of time:

    • Selected block – Modify the export obligation period for the selected block.

    • All blocks - Modify the export obligation period for all blocks in the EPCG scheme.

  8. In the Period interval field, select the unit of time to use for calculating the period.

  9. In the Value field, enter the number of periods for the export obligation period. For example, if you selected Years in the Period interval field, and you enter 1 in the Value field, you are extending the selected export obligation period by one year.

  10. Click OK to save your changes and close the form.

    The updated export obligation period is displayed in the Block extension form.

In the EXIM EPCG Schemes form, on the Lines FastTab, the license status of the EPCG scheme is now Extended.


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