EPCG / Advance Licences - Third Party Exports can be counted towards Export Obligation

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..... in the EXIM Policy (92-97) with effect from 30th March, 1994, under which exports by Advance Licence holders through third party were allowed, doubts were expressed by some of the Commissioners of Customs whether and how the export through a third party by an Advance Licence holder under DEEC Scheme or EPCG holder could be counted for the purpose of discharge of export obligation of the licence ho .....

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..... 2. In view of Ministry of Law's opinion, it has been decided that there is no object on to allowing third party exports under the Customs Act. 4. In this regard, attention is invited to Ministry's Circular No. 23/94 dated 6-10-94 issued from F.No. 603/156/94-DBK (Pt) under which it was clarified that third country import of capital goods viz, by the EPCG licence holder through a leasing finance .....

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..... a declaration on the shipping bill that in a case of any default/ fraud, they will be jointly and severally liable for action under the Customs Act, 1962 or any other act for the time being in force at the time of making the exports.6. All past cases of third party exports pending logging of DEEC books must be finalised where the manufacture- exporter holding an Advance licence can prove to the s .....

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