Monitoring of export obligation fulfillment under EPCG and Advance Authorization Schemes reg.

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..... Directors General Chief Commissioners / Directors General Principal Commissioners& Commissioners all under CBEC Madam/Sir, Subject: Monitoring of export obligation fulfillment under EPCG and Advance Authorization Schemes reg. I am directed to invite your attention to para 2(d) of Circular No. 5/2010-Cus dated 16.03.2010 directing initiation of action to safeguard revenue in case of non-submis .....

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..... 1995. This leads to confirmation of demand and further litigation. This is avoidable if the time period prescribed in Customs notifications is aligned with time period for issuance of EODC as per FTP/HBP. 3. The matter has been examined. It is noted that during the Chief Commissioner's Conference dated 08-09/01/2016, it has been decided that a simple notice will suffice to the licence/authorizati .....

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..... oreover, the process of issuance of EODC by DGFT itself is linked to submission of BRC by the licence holder. The BRC itself can be submitted as per the period allowed by RBI in terms of the Foreign Exchange Management Act, 1999. The licence/authorization is also subject to extension, if any, by DGFT. Hence, alignment of the time period given in Customs notifications with that given in FTP/HBP may .....

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