TaxTMI 
TaxTMI 
Rationalization of procedures in handling exporters obligations under EPCG authorizations
X X X X Extracts X X X X
X X X X Extracts X X X X
....i, dated 14th October, 2016 To Pr. Chief Commissioners/Pr. Directors General (All) Chief Commissioners/Directors General (All) Pr. Commissioners/Commissioners (All) Madam/Sir, Subject: Rationalization of procedures in handling exporters obligations under EPCG authorizations -reg. The undersigned is directed to say that as a part of further rationalizing procedures and avoiding....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tion) should be verified in detail and if it has been found satisfactory then EODC issued at end of second block should be accepted without further verification. The Instruction of 2011 confirmed that this is to be implemented; however, for past cases where exporter had not come forward for first block verification but had submitted the EODC, the EODC may be accepted subject to random verification....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nths from the expiry of the block, pay duties of customs (along with applicable interest as notified by DOR) proportionate to duty saved amount on total unfulfilled EO of the first block", and the similar provisions in previous FTP/HBP 2009-14 and 2004-09 are strictly followed by Regional Authorities before issuing EODC/redemption/closure letters; and also that cases of condoning / delay in fulfil....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ubject to detailed verification of EODC when there is such a need suggested by specific intelligence. Further, if Regional Authorities endorse verification of shipping bills/other documents on an EODC, such verification shall be carried out. Moreover, it remains mandatory to verify genuineness of non-EDI shipping bills/bills of export on which an EODC may be based. 5. The guidelines issued in t....