Cancellation of Bond/Bank Guarantee for DEEC licenses requires submission of specified export verification documents by exporters. Sixteen Advance Licence holders have been selected for detailed verification and 308 licences are accepted for closure without verification provided licence holders submit original Advance License, EODC and a DGFT issued No Bond Certificate. Selected exporters must email specified documents-EODC/Redemption Letter, ANF 4F certified by CA, DEEC Licence with duty debit speech, shipping bills/ARE 1, Bank Realisation Certificate, third party export papers and other DGFT submissions-to the DEEC Monitoring Cell by the stated deadline; bonds and bank guarantees will be released after submission and verification of originals.
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Provisions expressly mentioned in the judgment/order text.
Cancellation of Bond/Bank Guarantee for DEEC licenses requires submission of specified export verification documents by exporters.
Sixteen Advance Licence holders have been selected for detailed verification and 308 licences are accepted for closure without verification provided licence holders submit original Advance License, EODC and a DGFT issued No Bond Certificate. Selected exporters must email specified documents-EODC/Redemption Letter, ANF 4F certified by CA, DEEC Licence with duty debit speech, shipping bills/ARE 1, Bank Realisation Certificate, third party export papers and other DGFT submissions-to the DEEC Monitoring Cell by the stated deadline; bonds and bank guarantees will be released after submission and verification of originals.
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