Eo not complete

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2012 Dear sir,
We have 1 EPCG Lic. but these license not mentioned in some shipping bill thats why we have not complete our EO report. kindly advice us any procedure for that mentioned on free shiiping bills in EPCG License No.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 February 2012 Compliance of DGFT Policy Circular No.7/2002 Dated : 11th July, 2002 will be applicable in this case.

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2012 Dear Sir,
Thanx for reply but are you sure this DGFT Policy Circular No.7/2002 Dated : 11th July, 2002 will be applicable.

Any other new notification from DGFT.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 February 2012 refer to Hand Book of Procedures (Vol. 1), 2002-07, according to which at the time of export the EPCG Licence No. and date shall be endorsed on the shipping bills, which are proposed to be presented towards discharge of Export Obligation.

exporters for condonation of procedural lapse of not mentioning EPCG licence No. and date on the shipping bills relating to the exports for fulfillment of EO under EPCG Scheme.

In this regard a decision has been taken in relaxation under para 2.5 of the Exim Policy by DGFT that such procedural lapse may be condoned in relaxation of the existing policy provisions subject to submission/ verification of the following documents: -

IN CASE OF DIRECT EXPORTS

(I) An Affidavit/ Undertaking, duly certified by an independent CA, declaring that the exports accounted for fulfillment of EO against a particular EPCG Licence have not been/ shall not be taken into account for fulfillment of EO against any other EPCG Licence.

(II) List of EPCG Licences obtained by the licence holder.

(III) The product exported under the shipping bill was manufactured by using the imported machinery under EPCG.

IN CASE OF THIRD PARTY EXPORTS:-

(I) No objection certificate from the 3rd party(s) for accepting the subject exports for fulfillment of EO against the EPCG Licence obtained by the licence holder.

(II) An Affidavit/ Undertaking in a stamp paper duly certified by an independent CA, declaring that neither the licence holder nor the 3rd party(s) has counted/ shall count in future, the exports shown against a particular EPCG licence towards fulfillment of EO against any other EPCG licence.

(III) List of EPCG Licences obtained by the licence holder as well as by the 3rd party(s).

(IV) A declaration from the 3rd party(s) in a stamp paper, duly certified by an independent CA, declaring that the products exported for fulfillment of EO by them on behalf of the licence holder as per details given in the statement of exports, were manufactured by the licence holder.

(V) This would be subject the condition that the relevant shipping bills contain both the names of the 3rd party(s) and the licence holder.

Regional Licensing Authorities may dispose of the cases for fulfillment of EO/ Redemption of BG in such cases, keeping in view of the above guidelines without making further reference to Hqrs.

if not Satisfied, you can put up RTI letter :

DGFT
Udyog Bhawan, H-Wing, Gate No. 2,
Maulana Azad Road ,New Delhi-110011
Tel. (EPBAX No.): 011-23061562
Web Site: http://dgft.gov.in
e-mail: dgft@nic.in
Fax No: 011-2306 2225

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2012 ok sir
I am just asking you is this applicable for this notification because it is very old notification

I can see this notification but your letter format to DGFT is sign by CA.
and where is the submitting this documents.
attached with Shipping Bill copy for shipment.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 February 2012 whenever DGFT Issue another notification in this regard i will post immediate.

on the otherhand u submit documents in concerned RJDGFT.

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