Monitoring of Export Obligation under EPCG Scheme – regarding

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..... ring of Export Obligation under EPCG Scheme - regarding. Kind attention is invited to Para 2.4 of DOR Circular No.24/2002-Cus. dated 6.5.2002 wherein inter-alia it has been laid down that normally redemption of Bond/BG filed under EPCG Scheme by the Licence holder shall be allowed by Customs on the basis of EO Discharge Certificate issued by DGFT authorities and in cases of doubts Customs may .....

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..... EPCG Scheme, there is linkage between the CIF value of imported capital goods and the quantum of export obligation fixed against the EPCG Licence by DGFT authorities. Hence, if Customs have any doubts about valuation of imported capital goods in relation to addition of the element of any other charges in value, then before initiating any precipitative action, the jurisdictionaI Commissioner of C .....

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..... he jurisdictional Commissioners of Customs scrupulously follow the instructions contained in DOR Circular No.24/2002. 5. Suitable Public Notice for Trade and Standing Order for the guidance of customs field formations may be issued. 6. Receipt of this Circular may please be acknowledged. R.K. Talajia Officer on special duty (DBK) - Circular - Trade Notice - Public Notice - Instruction .....

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