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Issue ID: 111425
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EPCG License date problem

Date 25 Jan 2017
Replies4 Replies
Views 3249 Views
EPCG licence date omission: clerical error that does not bar export obligation fulfilment and may be condoned administratively.
Omission of the EPCG licence date on shipping bills is a clerical documentation issue; the date of the EPCG licence is its date of issuance. Such omission does not automatically invalidate exports for fulfilment of the export obligation, and a chartered accountant's certificate is given practical significance. Administrative condonation or waiver by the EPCG Committee or DGFT is the available remedy to regularise missing licence dates, which is treated as a non-substantive clerical error. (AI Summary)

My Friend CA needs to authorize EPCG & it's procedures but in shipping bill filed by CHA for Exports we find only EPCG Licence number but not date & as per norms, please help us to solve this issue

Where can we find the date ?

Which date has to be mentioned in S/B for EPCG exports for fulfilling EO ?

As per rules it is mentioned...

"In case where shipping bill do not contain the EPCG authorization & date an affidavit from the authorization holder has been obtained that the export account for the fulfillment of specific EO against this EPCG authorization shall not be taken into consideration"

Please enlighten on this issue

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