Guidelines for execution of BG/LUT with Regional Authorities for filing application under DEPB scheme and Incentive schemes of Chapter 3 of FTP without the requirement of Bank Realisation Certificate - regarding.
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Bank realisation certificate optional at filing; exporters must later submit proof of realisation or face BG/LUT enforcement. Exporters may opt to file DEPB and Chapter 3 transferable incentive applications without Bank Realisation Certificates; if so, they must submit BRCs or other permitted proof of realisation within 12 months of scrip issuance and provide shipping bill wise statements to the Regional Authority every three months. BG/LUT and prescribed documents are required at filing, with BG/LUT validity covering at least 24 months from the Let Export Order date; RAs will monitor compliance, enforce recovery and BG/LUT when realisation is not completed, and maintain scheme wise exporter records.
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.
Bank realisation certificate optional at filing; exporters must later submit proof of realisation or face BG/LUT enforcement.
Exporters may opt to file DEPB and Chapter 3 transferable incentive applications without Bank Realisation Certificates; if so, they must submit BRCs or other permitted proof of realisation within 12 months of scrip issuance and provide shipping bill wise statements to the Regional Authority every three months. BG/LUT and prescribed documents are required at filing, with BG/LUT validity covering at least 24 months from the Let Export Order date; RAs will monitor compliance, enforce recovery and BG/LUT when realisation is not completed, and maintain scheme wise exporter records.
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