execution of bank gurantee for EPCG license

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....xecution of bank gurantee for EPCG license<br> Query (Issue) Started By: - hitesh kejriwal Dated:- 13-1-2015 Last Reply Date:- 15-1-2015 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>Dear sir, I had recieved EODC(export obligation discharge certificate) for my EPCG license. I had earlier submitted Bank Gurantee to the concerned Customs Authority for EPCG license. Now as i had got EODC, kin....

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....dly advice for the procedure for discharging Bank Gurantee from that Customs Authority. Regards Hitesh Kejriwal 9414082909 Reply By Rajagopalan Ranganathan: The Reply: Dear Hitesh, Please send a simple letter to the customs authority concerned asking them to return the Bank guarantee duly discharged since you are in receipt of export obligation discharge certificate. Please enclose a self a....

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....ttested copy of the certificate without fail. Reply By Naveed S: The Reply: Sir, after completion of export obligation as specified in the licence, the licence holder shall submit the following documents for cancellation of Bonds/BGs :- * Original Licence alongwith all amendment sheets including Invalidation letters/ARO, if any issued by the Licencing Authority. ii) Original Redemption Cert....

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....ificate/EODC alongwith NO-BOND CERTIFICATE showing the details of exports considered by licencing authority while issuing EODC. iii) Part F statement / export verification sheet duly verified by the Customs Authority in case of physical export. In case of deemed export, the related excise invoices and CT-3 duly certified / verified by the excise authority. (This is only for those licences where ....

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....the licencing authority has made specific endorsement in the redemption letter/no Bond Certificate for such verification. In other cases Customs may verify the exports on random basis). iv) Statement of Import and export against the licence in the following performa- A) Qty-wise comparison statement Import details Export Details Description of import goods Qty allowed Actual import Made ....

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.... Description of Export goods Qty of E.O. Actual Export Qty B ) Value-wise comparison statement. Import details Export Details Description of import goods CIF Value allowed Actual import Made Description of Export goods E.O.in terms of FOB Value Actual Exports value realized<br> Discussion Forum - Knowledge Sharing ....