Timely bond cancellation required: exporters must provide EODC and export documents to enable bond and guarantee release. Timely cancellation of bonds and bank guarantees in advance authorization and EPCG licence cases requires exporters to submit evidence of export obligation-principally the EODC issued by DGFT with supporting shipping bills and BRCs-before licence expiry so Customs can initiate cancellation and return of guarantees; bonds may be closed only after receipt of the EODC and exporters must approach DGFT in advance for redemption certificates.
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.
Timely bond cancellation required: exporters must provide EODC and export documents to enable bond and guarantee release.
Timely cancellation of bonds and bank guarantees in advance authorization and EPCG licence cases requires exporters to submit evidence of export obligation-principally the EODC issued by DGFT with supporting shipping bills and BRCs-before licence expiry so Customs can initiate cancellation and return of guarantees; bonds may be closed only after receipt of the EODC and exporters must approach DGFT in advance for redemption certificates.
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