Cancellation of AA and EPCG bonds requires specified documents, EDI verification, and strict 10/30 day processing timelines. Procedure for cancellation of AA and EPCG bonds requires submission of specified self attested documents (EODC/Redemption Letter, ANF certified by Chartered Accountant, installation certificate where applicable, and authorization/license with condition sheet). Officers must verify records via ICES/ADVAIT and resolve any non reflecting EODC with issuing authorities or DG Systems. Processing timelines require return of bond/security within 10 days where no checks are needed and within 30 days in other non investigative cases, with bond cancellation in EDI preceding email communication to the authorisation holder and bank. EPM section must perform monthly 5% random verifications and maintain reports.
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.
Cancellation of AA and EPCG bonds requires specified documents, EDI verification, and strict 10/30 day processing timelines.
Procedure for cancellation of AA and EPCG bonds requires submission of specified self attested documents (EODC/Redemption Letter, ANF certified by Chartered Accountant, installation certificate where applicable, and authorization/license with condition sheet). Officers must verify records via ICES/ADVAIT and resolve any non reflecting EODC with issuing authorities or DG Systems. Processing timelines require return of bond/security within 10 days where no checks are needed and within 30 days in other non investigative cases, with bond cancellation in EDI preceding email communication to the authorisation holder and bank. EPM section must perform monthly 5% random verifications and maintain reports.
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