(IND) Approval EPCG schemes (form)
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2
Click General ledger > Common > EXIM EPCG Schemes. In the EXIM EPCG Schemes pane, select an export-import (EXIM) Export Promotion Capital Goods (EPCG) scheme, and then, on the Action Pane, in the Functions group, click Approve.
Use this form to approve the EPCG license number. After the license number is approved, you can use it to import goods.
Task that uses this form
Navigating the form
The following tables provide descriptions for the controls in this form.
Buttons
Button |
Description |
|---|---|
Exportable items |
Create exportable items for the EPCG license. |
Export obligation period |
Create export obligation periods for the EPCG license. |
Vendor details |
Specify the vendor or manufacturer from which the items are imported. |
Update bank guarantee details for EPCG license. |
Update the details of the bank guarantee for the EPCG license. |
Fields
Field |
Description |
|---|---|
License number |
The EPCG license number that was issued by the license authority. |
Issue date/time |
The date and time that the EPCG license was issued. |
Annual average |
The annual average value that is used to derive the amount of the export obligation. |
Currency |
The base currency for the EPCG license. |
Import value |
The import cost, insurance, and freight (CIF) value that is used to derive the export obligation amount. |
Basis |
The basis that is used to derive the export obligation. The basis can be FOB, NFE, or Duty saved. |
CIF factor |
The CIF factor that is used to calculate the export obligation. Note This field is updated based on the value that is specified in the CIF factor field in the Export obligation field group in the Incentive scheme parameters form. |
Obligation period |
The period interval for the export obligation. Note This field is updated based on the value that is specified in the Period field in the Export obligation field group in the Incentive scheme parameters form. |
Export obligation amount |
The amount of the export obligation. This amount is based on the formula Import value * CIF factor. Note This field is available only if FOB or NFE is selected in the Basis field. |
Realized invoices |
Select this check box to indicate that all fully settled invoices that have this EPCG license number must be considered for the export obligation. |
Currency pct |
The current applicable tax rate that is used to calculate the export obligation. Note This field is available only if Duty saved is selected in the Basis field. |
Pct. to be levied |
The reduced applicable tax rate that is used to calculate the export obligation. You can view the amount of the reduction in the Duty saved pct. field. The Export obligation amount field displays the amount of the export obligation for duty saved, based on the following calculation: Export obligation amount = (Duty saved pct. * Import value/100) * CIF factor Note This field is available only if Duty saved is selected in the Basis field. |
Duty saved pct. |
The saved tax rate that is used to calculate the export obligation. Note This field is available only if Duty saved is selected in the Basis field. |
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