Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

EPCG Scheme - Customs Instructions Revised

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f procedures, Vol. I Published on 31.3.95 and revised edition of Handbook of procedures, Vol. I Published on 30.4.95- Monitoring of export Obligation. Consequent upon changes introduced in the Export Promotion Capital Goods (EPCG) Scheme w.e.f. 1.5.95, Directorate General of Inspection was requested to have a study conducted of the Standing Orders / Public Notices issued by various Custom House .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tanding order could be included in the standing orders issued by all Custom Houses. Whenever a Release Advice is issued for clearance of goods at other port, bond and bank guarantee for the estimated amounts are to be obtained in advance and the details thereof shall be entered in the Register. The amount of Bond and Bank Guarantee should be indicated in the Release Advice. Similarly no RA of oth .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... I* and as an effective method of monitoring the defaulters and for raising timely demands. This could be adopted by all the Commissioners of Customs. A model Show Cause Notice (Annexure-IV)* has also been prepared by Commissioner, Cochin wherever the licence holder has failed to import / export as per Notification No. 111/95-Customs. This could be adopted by other Custom Houses for uniformity. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ility. 2. Necessary Standing Orders for guidance of staff on the above lines may please be issued immediately. It must be ensured that the instructions contained in this Circular are followed scrupulously and register maintained are supervised every month by the Assistant Commissioner of Customs and Every quarter by Deputy Commissioner of Customs. Sd/- (Sunil Kumar) Director (Drawback)
Ci .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates