9911796707
TMI BlogVerification of Advance Licence and monitoring of Export Obligation under DEEC scheme under the Exim Policy,2002-07 -reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... The aggregate CIF value of imports; and d. The FOB/FOR value and quantity of exports/supplies. 2) The notifications pertaining to advance licences scheme are No. 43/2002-Cus dated 19.4.2002 and No. 46/2002-Cus., dated 22.4.2002. 3) Para 4.24 of the Handbook of Procedures 2002-2007, Vol.I relates to monitoring of the fulfillment of export obligation. Further, paras 4.25 and 4.26 of the said Handbook of Procedures lay down the procedure of fulfillment of export obligation and redemption of the Advance Licence respectively. As per para 4.26 of the Handbook of Procedures, 2002-2007, Vol.I, after completion of Export Obligation, the licencee is required to submit all the relevant information/documents to the licencing authority who will redeem the case once the Export Obligation has been fulfilled. After redemption, the licencing authority shall forward a copy of the redemption letter indicating the Shipping Bill (S/B) No.s, dates, FOB value in Indian Rupees as per the S/Bs and description of the export products to the Customs authorities at the port of registration. However, before discharging the BG/LUT against the Advance Licence, Customs are required to verify if the detai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Inspector under his signature and stamp on both the copies of the certificate. One copy of this certificate shall be returned to the concerned person and another copy shall be kept in office records. c. Submission of documents:- Once a person has been registered as above on the recommendation of a company/firm, he/she will be eligible to submit and receive Advance licences of the company/firm for verification. However, for all licences presented for verification, an authority letter issued by the licence holder in the proforma given in Annexure - E which must contain the registration number of the person and the Advance licence number to be submitted, shall be attached in the respective verification files. The file along with other documents shall be submitted to the receiving Inspector. The receiving Inspector shall verify that the file is being submitted by the authorized person. Acknowledgements will be issued. d. In case a CHA, other than the one engaged by the exporter at the time of export shipment, is submitting the documents, the application will be signed by the proprietor/partner of the CHA firm. He will also certify that for processing of the documents before cus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pose. The receiving Inspector will verify whether the original Advance licence and all other required documents have been correctly tendered at the time of submission. One copy of the acknowledgement as detailed in Annexure-A shall be given to the person submitting the Advance Licences indicating therein the Sr.No. and the Date of the entry in receipt register. The other two copies of acknowledgement will be retained in the file. The signature of the person submitting the Advance Licence for verification with his full Name, CHA No., and Pass No., shall also be recorded in the said register. 6.4) The duly verified Advance licence shall be returned the next day to the person from whom the Advance Licences were received, for verification. The Advance Licence shall be delivered only to the person who had submitted the same for verification and not to any other person. The signature of the person collecting the verified Advance Licence shall be taken on the copies of acknowledgements kept in office record and also in the prescribed register. 7) VERIFICATION OF EXPORTS FOR ADVANCE LICENCES ISSUED ON PRE-EXPORT BASIS AND AGAINST WHICH REDEMPTION LETTER HAS BEEN ISSUED BY DGFT. 7. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uments have been correctly tendered at the time of submission. One copy of the acknowledgement as detailed in Annexure-B shall be given to the person submitting the Advance Licence indicating therein the Sr.No. and Date of the entry in receipt register. The other two copies of the acknowledgement will be retained in the file. The signature of the person submitting the Advance Licence and Redemption Letter for verification with his full name, CHA No., and Pass No., shall also be recorded in the said register. 7.4) The procedure of verification of Advance Licence shall be completed by the next day after the date of receipt of the Advance Licence for verification. After completion of the verification of the Advance Licence, the file shall be sent to the Superintendent/Appraiser who will initiate action immediately for cancellation of the Bond/BG/LUT. The procedure of cancellation of BG/Bond/LUT will be completed within 2 days. After cancellation procedure is completed the cancelled BG/Bond/LUT along with the verified Advance licence shall be returned only to the person, who had submitted the Advance Licence for verification, on proper receipts. 8) The above instructions may be b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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