Procedure for cancellation of AA and EPCG Bonds

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....ssued by CBIC under F.No. 605/71/2015-DBK dated 02.12.2015 on "Timely cancellation of bond executed with Customs in Advance Authorisation cases" wherein Board has prescribed procedure along with time-line for cancellation of bond executed by the authorisation holder and release of security on receipt of documents from the authorisation holder including EODC issued by DGFT. 3. On perusal of the list of pending applications lying with EPM section showing "under process" as enclosed with PN No. 06/2025 dated 29.05.2025, it transpires that the section has failed to adhere to the timeline prescribed by the aforesaid Instruction dated 02.12.2015 issued in respect of Advance Authorisation cases. 4. In order to streamline the scrutiny of appl....

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....available in ICES as well as ADVAIT system. These reports provide authorisation/license-wise details of Bills of Entry and Shipping Bills and whether export obligations have been fulfilled against the said authorisation or not. 6. Aforesaid Instruction dated 02.12.2015 has clearly spelt that work relating to the application received has to be arranged in the following manner: (a) In respect of cases not selected on the basis of checks (and also not involving verification of documents endorsed by RA or of genuineness of non-EDI shipping documents) all processes related to compliance of conditions of notification get expeditiously completed and the bond/bank guarantee gets returned to exporter normally within 10 days from date of ....