Third party exports under the EDI shipping bill, Counting of payment received through ECGC cover for fulfilment of export obligation even in case of old applications
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Third party export recognition under EDI shipping bill permits corroborated proofs and ECGC payments to count for export benefits. Third party exports under the EDI shipping bill are acceptable upon production of Customs authenticated corroborative evidence (e.g., ARE 1 with Customs verification). Exports whose payment is realised through ECGC cover qualify for benefits under para 2.25.3 of the Handbook of Procedures, including cases prior to 01.04.2002. Branch offices may apply for all licence categories with an authority letter or NOC from the registered/head office. Where SIL surrender was mandated, regularisation may be effected by payment equal to 1% of the SIL value into the designated Central Bank account.
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.
Third party export recognition under EDI shipping bill permits corroborated proofs and ECGC payments to count for export benefits.
Third party exports under the EDI shipping bill are acceptable upon production of Customs authenticated corroborative evidence (e.g., ARE 1 with Customs verification). Exports whose payment is realised through ECGC cover qualify for benefits under para 2.25.3 of the Handbook of Procedures, including cases prior to 01.04.2002. Branch offices may apply for all licence categories with an authority letter or NOC from the registered/head office. Where SIL surrender was mandated, regularisation may be effected by payment equal to 1% of the SIL value into the designated Central Bank account.
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