Export obligation monitoring: customs must coordinate with trade authorities before altering valuation or discharge certifications under EPCG. Customs must accept EO Discharge Certificates issued by DGFT for EPCG bond/BG redemption unless specific valuation or EO doubts arise; in such cases the jurisdictional Commissioner shall refer the issue to the Board for coordination with DGFT rather than taking unilateral adjudicative action, because CIF valuation and the quantum of export obligation are linked and require simultaneous adjustment. Commissioners must follow DOR Circular No.24/2002 and issue standing orders and public notices to field formations and trade.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export obligation monitoring: customs must coordinate with trade authorities before altering valuation or discharge certifications under EPCG.
Customs must accept EO Discharge Certificates issued by DGFT for EPCG bond/BG redemption unless specific valuation or EO doubts arise; in such cases the jurisdictional Commissioner shall refer the issue to the Board for coordination with DGFT rather than taking unilateral adjudicative action, because CIF valuation and the quantum of export obligation are linked and require simultaneous adjustment. Commissioners must follow DOR Circular No.24/2002 and issue standing orders and public notices to field formations and trade.
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