Rationalization of procedures in handling exporters obligations under EPCG authorization

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..... PUBLIC NOTICE NO. 48/2016 Sub: Rationalization of procedures in handling exporters obligations under EPCG authorization - reg. Attention of all the members of Trade, Air Cargo Complex, Brokers and other stakeholders is invited to CBEC Instruction dated 14.10.2016 on the above mentioned subject. 2. The Board has reviewed certain aspects of th .....

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..... ith DGFT it was seen that 5.14 ( c) of HBP has provision for payment of Composition fees amounting to 2% of duty saved amount for seeking extension of first block by RA, and payment of Customs duty and interest proportionate to duty saved amount on total unfulfilled EO of the first block and similar provisions in previous FTP/HBP 2009-14 and 2004-09 are strictly followed by RA's before issuing .....

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..... l be carried out and in case of EODCs issued based on non-EOI shipping Bills/bills of export, verification of genuineness is mandatory. Also, monitoring of block-wise EO fulfillment will continue as clarified in Circular No. 14/201S-Cus and field formations can view the EPCG authorization-wise all India export details in EOI. 6. Difficulty faced, if any in implementation of this Publi .....

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