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Standard Operating Procedures (SOP) regarding monitoring of Export obligation fulfilment under EPCG and Advance authorization scheme-Reg. - Customs - PUBLIC NOTICE No. 32/2023Extract ..... s monitoring the export obligations under EPCG and Advance Authorisation Schemes. The Notification No. 26/2023 - Customs dated 01.04.2023 provides duty exemption under EPCG scheme subject to the conditions prescribed in terms of Chapter 5 of the Foreign Trade Policy and Notification No. 21/2023 - Customs dated 01.04.2023 provides duty exemption under Advance authorization license subject to the conditions prescribed in terms of Chapter 4 of the Foreign Trade Policy. 2. In case of EPCG scheme, the installation certificate from the jurisdictional Asst./Dy. Commissioner of GST or independent Chartered Engineer is to be submitted by importer within six months of completion of imports of capital goods. In case of imports of spares, installation ..... x x x x x Extracts x x x x x Standard Operating Procedures (SOP) regarding monitoring of Export obligation fulfilment under EPCG and Advance authorization scheme-Reg. - Customs x x x x x Extracts x x x x x ..... rity subject to payment of composition fee of 2% on duty saved amount proportionate to unfulfilled portion of EO pertaining to the block, the authorization holder shall, within 03 months from the expiry of the block, pay duties of Customs (along with applicable interest as notified by Department of Revenue) proportionate to duty saved amount on total unfulfilled EO of the first block . 5. Further, in view of the time taken by DGFT in issuance of EODC, it has been provided in Board s Circular No 16/2017-Cus, dated 02.05.2017 issued vide F. No. 605/85/2016-DBK, that the practise of issuance of SCN at the first stage itself may be replaced by issuing of simple notice to defaulters. Accordingly, EODC_ section shall issue simple notice to the li ..... x x x x x Extracts x x x x x Standard Operating Procedures (SOP) regarding monitoring of Export obligation fulfilment under EPCG and Advance authorization scheme-Reg. - Customs x x x x x Extracts x x x x x ..... arding fulfillment of export obligation against the said Licence within 30 days of the date of Expiry of the Export Obligation Period. Therefore, the importer is liable to pay duty along with interest at the applicable rate in respect of the goods (imported under such export promotion schemes) in terms of the conditions of the said Notification read with conditions of the Bond executed by the importer in terms of Section 143 of the Customs Act read with condition of such Advance Authorisations / EPCG Licences. Section 143(3) of the Customs Act provides that if the thing is not done within the time specified in the bond, the AC or DC of Customs shall, without prejudice to any other action that may be taken under this Act or any other law for ..... x x x x x Extracts x x x x x Standard Operating Procedures (SOP) regarding monitoring of Export obligation fulfilment under EPCG and Advance authorization scheme-Reg. - Customs x x x x x Extracts x x x x x
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