Monitoring of export obligation fulfillment under EPCG and Advance Authorization Schemes reg.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 2017 To Principal Chief Commissioners/ Principal Directors General Chief Commissioners / Directors General Principal Commissioners& Commissioners all under CBEC Madam/Sir, Subject: Monitoring of export obligation fulfillment under EPCG and Advance Authorization Schemes reg. I am directed to invite your attention to para 2(d) of Circular No. 5/2010-Cus dated 16.03.2010 directi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ulfill criteria prescribed in Circular No. 162/73/95-CX dated 14.12.1995. This leads to confirmation of demand and further litigation. This is avoidable if the time period prescribed in Customs notifications is aligned with time period for issuance of EODC as per FTP/HBP. 3. The matter has been examined. It is noted that during the Chief Commissioner's Conference dated 08-09/01/2016, it has bee....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cations to keep action of Customs pending till EODC is issued by DGFT. Moreover, the process of issuance of EODC by DGFT itself is linked to submission of BRC by the licence holder. The BRC itself can be submitted as per the period allowed by RBI in terms of the Foreign Exchange Management Act, 1999. The licence/authorization is also subject to extension, if any, by DGFT. Hence, alignment of the t....