An Exporter Buys Capital Goods Under EPCG Scheme in 2013

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An Exporter Buys Capital Goods under EPCG scheme in 2013-14. The value of goods is 100lacs.

The normal duty on goods is 50%. The exporter turn over is a s follows, 2010-11 - 100lacs 2011-12 - 150lacs 2012-13 - 350lacs

Calculate the avg export obligation.? Prepare the format of Book of Accounts.

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