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TMI BlogRationalization of procedures in handling exporters obligations under EPCG authorizationsX X X X Extracts X X X X X X X X Extracts X X X X ..... uction vide F. No.605/71/2015-DBK dated 14.10.2016 on the above mentioned subject. 2. As a part of further rationalizing procedures and avoiding duplication of work based on feedback on outcomes of applying extant procedures, taking into account the conditions prescribed in the Foreign Trade Policy and Customs notifications, the Board reviewed certain aspects of the directions given to field formations in Circular No. 5 2010-Cus, Instruction No. 609 119 2010- DBK dated 18.01.2011 and Circular No. 14 2015-Cus insofar as they relate to EPCG scheme. The details are given in succeeding paragraphs. 3. At present the correctness of the installation certificates issued by Chartered Engineers are to be verified on random ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es of customs (along with applicable interest as notified by DOR) proportionate to duty saved amount on total unfulfilled EO of the first block , and the similar provisions in previous FTP/HBP 2009-14 and 2004-09 are strictly followed by Regional Authorities before issuing EODC redemption/closure letters; and also that cases of condoning delay in fulfilment of block-wise EO are considered by Regional Authorities only when exporter has obtained relaxation in terms of DGFT's powers under the FTP. The DGFT has also advised its Regional Authorities to ensure that these provisions are strictly followed in respect of all unredeemed EPCG authorization issued during the FTP 2004-09, 2009-14 and 2015-20. 4C. In the light of thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... checks. Accordingly, Additional Commissioner Joint Commissioner in charge of EPCG Monitoring Cell has been made responsible to identify transparent selection criteria and ensure intimation to exporters as prescribed. Credibility and transparency has been brought into the Bond cancellation process which would be speedier. The exporter would not be asked to routinely produce information that can be sourced from the Customs EDI system. Accordingly, following selection criteria has been identified as of now, as mentioned below. Any revision/ modifications in selection criteria would also be informed from time to time. (i). Cases in which even though the EODC is issued by the DGFT, the Installation Certificate have been not submi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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