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Advance licence compliance: documentary alternatives and indemnity required to discharge export obligations when DEEC books are unavailable. Guidelines set documentary and procedural alternatives for discharge of export obligation on advance licences issued before 31.03.2002 when logged DEEC books are unavailable. For Quantity and Value Based Advance Licences RLAs must obtain endorsed shipping bill copies, bank realization proof, an affidavit cum indemnity, and MODVAT/CENVAT non availment evidence (or specified alternatives); additional value licence steps include shortfall regularisation and price data reliance where customs valuation comment is absent. Customs must verify exports before bond redemption and RLAs must forward E.O. discharge letters and monthly reports to customs. Exclusions apply for fraud, marble licences permitting rough marble imports, and cases with prior adjudication.
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Advance licence compliance: documentary alternatives and indemnity required to discharge export obligations when DEEC books are unavailable.
Guidelines set documentary and procedural alternatives for discharge of export obligation on advance licences issued before 31.03.2002 when logged DEEC books are unavailable. For Quantity and Value Based Advance Licences RLAs must obtain endorsed shipping bill copies, bank realization proof, an affidavit cum indemnity, and MODVAT/CENVAT non availment evidence (or specified alternatives); additional value licence steps include shortfall regularisation and price data reliance where customs valuation comment is absent. Customs must verify exports before bond redemption and RLAs must forward E.O. discharge letters and monthly reports to customs. Exclusions apply for fraud, marble licences permitting rough marble imports, and cases with prior adjudication.
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