TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New SOPs for Monitoring Export Obligations Under EPCG and Advance Authorization Schemes: Compliance, Penalties, and Recovery Actions Explained.</h1> The circular outlines the Standard Operating Procedures (SOP) for monitoring export obligation fulfillment under the Export Promotion Capital Goods (EPCG) and Advance Authorization schemes. The Export Obligation Monitoring Cell (EODC) oversees compliance, requiring importers to submit installation certificates within specified timeframes. Non-fulfillment of obligations may lead to duty payments with interest. Notices are issued to defaulters, and recovery actions are initiated if obligations remain unmet. Importers must provide evidence of fulfillment within 30 days post-obligation period, failing which duties and penalties are enforced. The circular emphasizes compliance and communicates procedures to trade associations and customs brokers.
TaxTMI 
