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Regarding need for detailed Verification Mechanism of scrips issued Reward Schemes and Monitoring of Export Obligations (EO) in respect of Advance Authorization/Duty Free Import Authorization (DFIA)/ Export Promotion Capital Goods (EPCG) Schemes with Shipping Bills
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....se. All Directors General of CBEC /CDR, CESTAT. All Commissioners of Customs & Central Excise. Sir/Madam, Sub: Need for detailed Verification Mechanism of scrips issued Reward Schemes and Monitoring of Export Obligations (EO) in respect of Advance Authorization/Duty Free Import Authorization (DFIA)/ Export Promotion Capital Goods (EPCG) Schemes with Shipping Bills- reg. ******* &n....
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....r stipulated that EODCs may be accepted and detailed verification conducted if there was a specific intelligence suggesting need for such detailed verification. 5. A review of the implementation of the said circular in the field formations was conducted. It was observed that detailed verification of reward scrips and the EODCs was being conducted inspite of the instructions contained in the Circular No.5/2010-Cus. dt.16.03.2010. 6. The issue was discussed in consultation with the field formations. It was pointed out that detailed verifications are being carried because of the RLA's endorsement on the EODCs that the C....
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....cribed for furnishing the EODC has expired but the exporter has not furnished the EODC; and (b) for EPCG authorizations where the 1^st block has expired and the time prescribed for furnishing evidence regarding the extent of block-wise EO fulfillment has expired but the exporter has not furnished the same. If the EODCs / evidence regarding the extent of EO fulfillment are not furnished, timely action to safeguard revenue may be taken. (iv) The Customs would strengthen its intelligence machinery and check, in detail, at least 5% of the EODCs / installation of capital goods / availability of inputs imported duty free under the Advance Authorization. An institutional mechanism should be set up whereby the customs officials and t....