Declaration requirement for EPCG license redemption: CA certified statements to prevent double counting of export obligations and penal consequences. EPCG authorization redemption requires segregation of shipments: shipping bills counted for specific/additional export obligation must not be counted for average export obligation of the same or any other EPCG authorization, and shipments credited to average EO must not be used for specific/additional EO. Pending amendments to forms, applicants must submit two Chartered Accountant counter signed declarations certifying non overlap of shipments for specific/additional and average EOs; holders and CAs are accountable and subject to penal action if declarations are false or misleading.
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.
Declaration requirement for EPCG license redemption: CA certified statements to prevent double counting of export obligations and penal consequences.
EPCG authorization redemption requires segregation of shipments: shipping bills counted for specific/additional export obligation must not be counted for average export obligation of the same or any other EPCG authorization, and shipments credited to average EO must not be used for specific/additional EO. Pending amendments to forms, applicants must submit two Chartered Accountant counter signed declarations certifying non overlap of shipments for specific/additional and average EOs; holders and CAs are accountable and subject to penal action if declarations are false or misleading.
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