Procedure to be followed in case of EPCG scheme

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....re under various Facility Notices and Circulars is given under this Facility Notice. No changes in existing procedures envisaged. 2. Registration of Licence : The EPCG Licence Holder will submit Request Letter / Authority Letter for registration of licence, the licence in original, Bond in prescribed format, bank guarantee as applicable. 3. The Bond shall be submitted in the prescribed format as per Boards Circular No. 58/2004 dated 21.10.2004 and shall cover the duty ordinarily leviable on the goods but for the exemption and also interest @ 15% per annum thereon. 4. Execution of BG : (a) The Bank Guarantee should be submitted along with covering letter of the Bank as per the norms prescribed in Boards Circular No. 58/2004 dated 21.10.....

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....e with Pan Card (Mere acknowledgement is not sufficient). (iii) Permanent Registration Certificate issued by Secretariat for Industrial Assistance, New Delhi with Pan Card (Mere acknowledgement is not sufficient). (iv) Any other Registration Certificate as a proof of manufacturer exporter status alongwith previous Export Performance certified by Chartered Accountant / any Export Promotion Council with Pan Card. (d) All other licence holders are required to file BG of 100% of duty saved amount. 5. The Bond / BG shall be filed for a minimum period of 3 years with an undertaking to keep the BG alive for the entire period of export obligation viz. 8 + 2 = 10 years or 12 + 2 = 14 years etc. Further, all BG should contain an unconditional ....

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..... Commissioner of Customs, as the case may be, may allow. If the importer is not registered with central excise or if he is a service provider, as the case may be, he may produce said certificate of installation and usage issued by an independent chartered engineer. 9. Cancellation of Bond / BG : After completion of export obligation, the exporter will apply to the DGFT for issuance of Export Obligation Discharge Certificate. After receipt of EODC from the licensing authorities, the licencee has to request for cancellation of Bond (LUT) / Bank Guarantee executed with custom authorities as per Facility Notice No. 50/2006, which is reiterated as under. The request for cancellation of Bond / BG should be accompanied by the following document....