Rationalization of procedures in handling exporters obligations under EPCG authorization

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.... NOTICE NO. 48/2016 Sub: Rationalization of procedures in handling exporters obligations under EPCG authorization - reg. Attention of all the members of Trade, Air Cargo Complex, Brokers and other stakeholders is invited to CBEC Instruction dated 14.10.2016 on the above mentioned subject. 2. The Board has reviewed certain aspects of the directions given to the field formations in Circular....

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....ment of Composition fees amounting to 2% of duty saved amount for seeking extension of first block by RA, and payment of Customs duty and interest proportionate to duty saved amount on total unfulfilled EO of the first block and similar provisions in previous FTP/HBP 2009-14 and 2004-09 are strictly followed by RA's before issuing EODC/redemption/ closure letters. 4. In light of this, Board....