Monitoring of Export Obligation under EPCG Scheme – regarding

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....G Scheme - regarding. Kind attention is invited to Para 2.4 of DOR Circular No.24/2002-Cus. dated 6.5.2002 wherein inter-alia it has been laid down that normally redemption of Bond/BG filed under EPCG Scheme by the Licence holder shall be allowed by Customs on the basis of EO Discharge Certificate issued by DGFT authorities and in cases of doubts Customs may refer the matter to DGFT for correcti....

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....e CIF value of imported capital goods and the quantum of export obligation fixed against the EPCG Licence by DGFT authorities. Hence, if Customs have any doubts about valuation of imported capital goods in relation to addition of the element of any other charges in value, then before initiating any precipitative action, the jurisdictionaI Commissioner of Customs should bring this to the notice of ....