Export obligation monitoring: compliance mechanisms and enforcement for EPCG and Advance Authorization beneficiaries clarified. An Export Obligation Monitoring Cell will oversee fulfilment under EPCG and Advance Authorization schemes; installation certificates and timelines apply, ... Summary
Export obligation monitoring: compliance mechanisms and enforcement for EPCG and Advance Authorization beneficiaries clarified.
An Export Obligation Monitoring Cell will oversee fulfilment under EPCG and Advance Authorization schemes; installation certificates and timelines apply, with random verification of authenticity. The SOP mandates notices to defaulters, DGFT coordination, bond or guarantee execution, penalties, and proportional duty with interest for non-fulfilment, and permits extensions or self-payment in bonafide default cases while stakeholders may report implementation issues to the Principal Commissioner of Customs.
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