Procurement Certificate requirement will replace Block Transfer Certificates for EOU imports, standardising clearance and improving reconciliation. Imports under the EOU scheme will be allowed only on production of Procurement Certificates and the system of Block Transfer Certificates shall be discontinued; no fresh Block Transfer Certificates will be registered, already registered bonds may be utilised in full, and Re warehousing Certificates must be submitted within the specified transition period to enable re crediting of entries.
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.
Procurement Certificate requirement will replace Block Transfer Certificates for EOU imports, standardising clearance and improving reconciliation.
Imports under the EOU scheme will be allowed only on production of Procurement Certificates and the system of Block Transfer Certificates shall be discontinued; no fresh Block Transfer Certificates will be registered, already registered bonds may be utilised in full, and Re warehousing Certificates must be submitted within the specified transition period to enable re crediting of entries.
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