Rationalisation of procedures in handling exporters obligations under EPCG authorizations – Reg.

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....zations - Reg. Attention of the Importers, Exporters, Customs Brokers and other members of Trade is invited to the directions given to the field formations vide Circular No.5/2010- Cus. dated 16.03.2010, Instruction No. 609/119/2010-DBK dated 18.01.2011 and Circular No.14/2015-Cus dated 20.04.2015. The Board on examination of the same, issued instruction vide F.No. 605/71/2015- DBK dated 14.10.20....

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....2011, reiterated 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 of at least 5% of EODCs issued in such past cases. In this connection, it was noted that not meeting the block-wise, EO attracts composition fees or payment of duty with interest....

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....s decided that Customs authorities need not replicate the verification of export obligation of the first block that is being conducted by Regional Authorities and that the EODCs received under EPCG Scheme in terms of FTP/HBP 2004-09, 2009-14 and 2015-20 be normally accepted without further verification, except in 5% cases which may be verified in detail before acceptance. 4. The foregoing aspects....