Verification Mechanism and monitoring of export obligation under duty exemption/reward Schemes – reg.

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..... e invited to the above-mentioned subject and that several references have been received, requesting the Board to put in place a verification mechanism in respect of the duty credit scrips issued under Chapter 3 schemes of the Foreign Trade Policy (FTP) and in respect of the Export Promotion Schemes viz. Advance Authorization/Duty Free Import Authorization (DFIA)/Export Promotion Captial Goods .....

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..... s of the installation certificates, which are issued by the Chartered Engineers, shall be verified on a random basis through Central Excise divisions. Further, the EPCG notifications stipulate fulfilment of atleast 50% of export obligation within the first block. This shall be verified in detail. In case the same is found satisfactory, the Export Obligation Discharge Certificate issued by the Dire .....

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..... the imported goods. Such verification may be carried out during the validity of the Authorisation and preferably through the Central Excise divisions. d) Action to safegaurd customs revenue should be initiated in case the authorization holder does not submit the Export Obligation Discharge Certificate within the time period stipulated in the relevant Customs notifications. e) As regards th .....

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..... scharge Certificates issued by DGFT bear the requirement that the Customs department should carry out verification, then such verification should be done. In all cases EPCG, Advance Authorization, DFIA and Reward Schemes, the Department would retain the right to carry out a complete verification wherever there is specific intelligence available suggesting misuse. 3. The notifications issued .....

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..... ms are directed to put suitable systems in place to initiate timely action in all cases of default. 4. The guidelines issued in the past on the subject shall be modified to the above extent. 5. Hindi version of this Trade Notice will follow. (Hemant A Bhat) Commissioner Authority: Letter dated 16th March 2010 Issued by Board of Central Excise and Customs, Department .....

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