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execution of bank gurantee for EPCG license

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..... execution of bank gurantee for EPCG license
Query (Issue) Started By: - hitesh kejriwal Dated:- 13-1-2015 Last Reply Date:- 15-1-2015 Customs - Exim - SEZ
Got 2 Replies
Customs
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, ki .....

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..... ndly advice for the procedure for discharging Bank Gurantee from that Customs Authority. Regards Hitesh Kejriwal 9414082909 Reply By Rajagopalan Ranganathan: The Reply: Dear Hitesh, 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 .....

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..... 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 shall 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 Cer .....

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..... tificate/EODC alongwith NO-BOND CERTIFICATE showing the details of exports considered by licencing authority while issuing EODC. iii) Part F statement / export verification 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 .....

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..... the licencing authority has made specific endorsement in the redemption letter/no Bond Certificate for such verification. In other cases Customs may verify the 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 .....

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..... Description of Export goods Qty of E.O. Actual Export 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 Value Actual Exports value realized
Discussion Forum - Knowledge Sharing .....

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