execution of bank gurantee for EPCG license, Customs - Exim - SEZ

[hitesh kejriwal]

Dear sir,

I had recieved EODC(export obligation discharge certificate) for my EPCG license.

I had earlier submitted Bank Gurantee to the concerned Customs Authority for EPCG license. Now as i had got EODC, kindly advice for the procedure for discharging Bank Gurantee from that Customs Authority.

Regards

Hitesh Kejriwal

9414082909

Posts / Replies

[Rajagopalan Ranganathan]

Dear Hitesh,

Please send a simple letter to the customs authority concerned asking them to return the Bank guarantee duly discharged since you are in receipt of export obligation discharge certificate. Please enclose a self attested copy of the certificate without fail.

[Naveed S]

Sir, after completion of export obligation as specified in the licence, the licence holder shall submit the following documents for cancellation of Bonds/BGs :-

1. Original Licence alongwith all amendment sheets including Invalidation letters/ARO, if any issued by the Licencing Authority.

ii) Original Redemption Certificate/EODC alongwith NO-BOND CERTIFICATE showing the details of exports considered by licencing authority while issuing EODC.

iii) Part F statement / export verification sheet duly verified by the Customs Authority in case of physical export. In case of deemed export, the related excise invoices and CT-3 duly certified / verified by the excise authority. (This is only for those licences where the licencing authority has made specific endorsement in the redemption letter/no Bond Certificate for such verification. In other cases Customs may verify the exports on random basis).

iv) Statement of Import and export against the licence in the following performa-

A) Qty-wise comparison statement

Import details			Export Details
Description of import goods	Qty allowed	Actual import Made	Description of Export goods	Qty of E.O.	Actual Export Qty

B ) Value-wise comparison statement.

Import details			Export Details
Description of import goods	CIF Value allowed	Actual import Made	Description of Export goods	E.O.in terms of FOB Value	Actual Exports value realized