9911796707
TMI BlogMonitoring of export obligation fulfillment under EPCG and Advance Authorization Schemes reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... Principal Chief Commissioners/ Principal 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 initi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... riteria prescribed in Circular No. 162/73/95-CX dated 14.12.1995 . 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 deci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to keep action of Customs pending till EODC is issued by DGFT. Moreover, 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 pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iated by enforcement of Bond/Bank Guarantee. In cases of fraud, outright evasion, etc., field formations shall continue to take necessary action in terms of the relevant provisions. 6. Difficulties in implementation, if any, may be brought to the notice of the Board. (Dinesh Kumar Gupta) Director (Drawback) Tel: 23360581 - Circular - Trade Notice - Public Notice - Instructions ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
