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TMI Blogexecution of bank gurantee for EPCG licenseX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sir, I had recieved EODC(export obligation discharge certificate) for my EPCG license. I had earlier submitted Bank Gurantee to the concerned Customs Authority for EPCG license. Now as i had got EODC, kindly advice for the procedure for discharging Bank Gurantee from that Customs Authority. Regards Hitesh Kejriwal 9414082909 - Reply By Rajagopalan Ranganathan - The Reply = Dear Hitesh, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Please send a simple letter to the customs authority concerned asking them to return the Bank guarantee duly discharged since you are in receipt of export obligation discharge certificate. Please enclose a self attested copy of the certificate without fail. - Reply By Naveed S - The Reply = Sir, after completion of export obligation as specified in the licence, the licence holder shal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l submit the following documents for cancellation of Bonds/BGs :- Original Licence alongwith all amendment sheets including Invalidation letters/ARO, if any issued by the Licencing Authority. ii) Original Redemption Certificate/EODC alongwith NO-BOND CERTIFICATE showing the details of exports considered by licencing authority while issuing EODC. iii) Part F statement / export ver ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ification sheet duly verified by the Customs Authority in case of physical export. In case of deemed export , the related excise invoices and CT-3 duly certified / verified by the excise authority. (This is only for those licences where the licencing authority has made specific endorsement in the redemption letter/no Bond Certificate for such verification. In other cases Customs may verify the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exports on random basis). iv) Statement of Import and export against the licence in the following performa- A) Qty-wise comparison statement Import details Export Details Description of import goods Qty allowed Actual import Made Description of Export goods Qty of E.O. Actual E ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xport Qty B ) Value-wise comparison statement. Import details Export Details Description of import goods CIF Value allowed Actual import Made Description of Export goods E.O.in terms of FOB V ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alue Actual Exports value realized - execution of bank gurantee for EPCG license - Query Started By: - hitesh kejriwal Dated:- 13-1-2015 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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