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Monitoring of export obligation: licencing authority certificate now required to discharge bonds under DEEC and EPCG schemes. Licencing authority is primarily responsible for monitoring export obligation; Customs will continue to require bonds or BGs but must insist on a licencing authority certificate confirming discharge of export obligation before bond discharge. For waiver of bond the Assistant Commissioner of Customs will act only after receiving the licencing authority's certificate; for Special Imprest Licencing Scheme the licencing authority's certificate alone suffices; for EPCG and service exports a licencing authority certificate may be required as evidence of discharge.
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Monitoring of export obligation: licencing authority certificate now required to discharge bonds under DEEC and EPCG schemes.
Licencing authority is primarily responsible for monitoring export obligation; Customs will continue to require bonds or BGs but must insist on a licencing authority certificate confirming discharge of export obligation before bond discharge. For waiver of bond the Assistant Commissioner of Customs will act only after receiving the licencing authority's certificate; for Special Imprest Licencing Scheme the licencing authority's certificate alone suffices; for EPCG and service exports a licencing authority certificate may be required as evidence of discharge.
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