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TMI BlogRegarding need for detailed Verification Mechanism of scrips issued Reward Schemes and Monitoring of Export Obligations (EO) in respect of Advance Authorization/Duty Free Import Authorization (DFIA)/ Export Promotion Capital Goods (EPCG) Schemes with Shipping BillsX X X X Extracts X X X X X X X X Extracts X X X X ..... Ministry of Finance Department of Revenue ----------- New Delhi, 18th January, 2011. To, All Chief Commissioners of Customs / Customs & Central Excise. All Directors General of CBEC /CDR, CESTAT. All Commissioners of Customs & Central Excise. Sir/Madam, Sub: Need for detailed Verification Mechanism of scrips issued Reward Schemes and Monitoring of Export Obligations (EO) in respect o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n issued. 3. As regards Export Obligation Discharge Certificate(EODC) issued by DGFT under EPCG Scheme, the Circular No 5/2010-Cus. dated 16.03.2010 provided that fulfillment of export obligation prescribed for the first Block which is atleast 50% of the overall export obligation, be verified in detail and if found satisfactory, the EODC issued by the Director General of Foreign Trade(DGFT) at th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the RLA's endorsement on the EODCs that the Customs authorities should cause verification of the Shipping Bills and other documents. It was also informed that detailed verification of EODCs issued against EPCG authorisations is carried out in cases where fulfillment of Export Obligation prescribed for the first block was not verified by the Customs and the exporter has submitted the final EODC. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ved in consultation with DGFT. (iii) All the Commissioners may immediately formulate an action plan to monitor the Export Obligation in all cases,- (a) where the Export Obligation Period (EOP) and the time prescribed for furnishing the EODC has expired but the exporter has not furnished the EODC; and (b) for EPCG authorizations where the 1st block has expired and the time prescribed for furni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ter/ previous quarter so that concerted action can be taken against the defaulters. 8. These instructions may be brought to the notice of all the concerned officers by issuing suitable Standing orders/instructions. Difficulties faced, if any, in implementation of these instructions may please be brought to the notice of the Board at an early date. Receipt of these instructions may kindly be ackn ..... X X X X Extracts X X X X X X X X Extracts X X X X
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