Epcg license

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Priya (Querist)
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28 February 2012 Do we need the EP copy of shipping bill to close the EPCG license after fulfilling the export obligation?? If yes, is it mandatory to have the license number printed on EP copy of shipping bill??

Dear Nilesh, what is EODC application??

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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29 February 2012 EP COPY alongwith BRC require at the time of redemption.

Noted please:

Statement of Export/

1. a. For Physical Exports:

1. Consolidated statement of exports made or individual statements (bank/authorized dealer wise) duly certified by a Chartered Accountant as per format given in Appendix 26 and bank evidencing exports and realisation in freely convertible. However, in case of exports made under an irrevocable letter of credit or a bill of exchange is unconditionally Avalised/ Co- Accepted/Guaranteed by a bank and the same is confirmed by the exporters bank, realization of export proceeds would not be insisted upon provided the final receipts are in free foreign exchange and a confirmation is given by the Bank in this regard.

b. For Deemed Exports:

1. Copy of ARO/Back to Back Inland letter of Credit or Advance Authorisation for Intermediate Supplies or Supply invoices or CT 3 / ARE 3 duly certified by the Bond Office of EOU concerned showing that supplies have been received.

2. Evidence of having received the payment through normal banking channel in the form given in Appendix 22B or a self certified copy of payment certificate issued by the Project Authority concerned in the form given in Appendix-22C.

c. For Services rendered:

1. Consolidated statement or individual statements (bank/authorised dealer wise) of services rendered as given in sub section XV duly certified by a Chartered Accountant as per format given in Appendix 26A and bank/authorised dealer evidencing foreign exchange earning received through normal banking channel.

2. Copy of Authorisation showing the date of clearance of the first consignment

3. Customs purpose copy of EPCG Authorisation

4. At the time of redemption, the Authorisation holder shall also submit certificate from the Independent Chartered Engineer confirming the use of spares so imported under the Scheme in the installed capital goods on the basis of stock & consumption register maintained by Authorisation holder.

any query,

NILESHKUMAR

NILESHKUMAR (Expert)
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02 March 2012 EP copy of shipping in original along with BRC issued by normal banking channel through which sale proceeds are realised.

It is advisable to mention EPCG number for discharge of EO but in any case if it is not written you may obtain certificate for CA alongwith EODC application form.

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