(IND) Approval EPCG schemes (form) [AX 2012]

Updated: October 4, 2012

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.

The following tables provide descriptions for the controls in this form.

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.

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.

NoteNote

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.

NoteNote

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.

NoteNote

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.

NoteNote

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

NoteNote

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.

NoteNote

This field is available only if Duty saved is selected in the Basis field.


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