Para 5.13
- Document type
- Procedure
- Reference no.
- 05
- Dated
Redemption
Redemption 5.13
As evidence of fulfillment of export obligation, the licence holder shall furnish the following documents;
(a) For Physical Exports:
A consolidated statement of exports made in the form given in Aayaat Niryaat Form, duly certified by a Chartered Accountant and bank evidencing exports and realisation in freely convertible currency or statements of exports in the form given in Aayaat Niryaat Form for individual banks duly certified by a Chartered Accountant.
However in case of exports made under irrevocable letter of credit or 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.
The EPCG licence holder shall submit a copy of the irrevocable letter of credit or the bill of exchange unconditionally Avalised/ Co-Accepted/ Guaranteed by a bank and confirmed by the exporters bank for availing of the benefit of EPCG..
(b) For Deemed Exports:
(i) Copy of ARO/ Back to Back Inland letter of Credit or Advance Licence for Intermediate Supplies http://dgftcom.nic.in/exim/2000/pn/pn02/pn1202.htm
or
Supply invoices or ARE 3 duly certified by the Bond Office of EOU concerned showing that supplies have been received;
(ii) The licensee shall also furnish the 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-22 C.
However in case of exports made under irrevocable inland letter of credit or the inland 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.
(c) For Services rendered:
Consolidated statement or individual statements (bank/authorised dealer wise) of services rendered in the Aayaat Niryaat Form, duly certified by a Chartered Accountant and bank/ authorised dealer evidencing foreign exchange earning received through normal banking channel.
On being satisfied, the licensing authority shall issue a certificate of discharge of export obligation to the EPCG Licence holder and send a copy of the same to the customs authorities with whom BG/LUT has been executed.
As evidence of fulfillment of export obligation, the licence holder shall furnish the following documents;
(a) For Physical Exports:
A consolidated statement of exports made in the form given in Aayaat Niryaat Form, duly certified by a Chartered Accountant and bank evidencing exports and realisation in freely convertible currency or statements of exports in the form given in Aayaat Niryaat Form for individual banks duly certified by a Chartered Accountant.
However in case of exports made under irrevocable letter of credit or 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.
The EPCG licence holder shall submit a copy of the irrevocable letter of credit or the bill of exchange unconditionally Avalised/ Co-Accepted/ Guaranteed by a bank and confirmed by the exporters bank for availing of the benefit of EPCG..
(b) For Deemed Exports:
(i) Copy of ARO/ Back to Back Inland letter of Credit or Advance Licence for Intermediate Supplies http://dgftcom.nic.in/exim/2000/pn/pn02/pn1202.htm
or
Supply invoices or ARE 3 duly certified by the Bond Office of EOU concerned showing that supplies have been received;
(ii) The licensee shall also furnish the 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-22 C.
However in case of exports made under irrevocable inland letter of credit or the inland 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.
(c) For Services rendered:
Consolidated statement or individual statements (bank/authorised dealer wise) of services rendered in the Aayaat Niryaat Form, duly certified by a Chartered Accountant and bank/ authorised dealer evidencing foreign exchange earning received through normal banking channel.
On being satisfied, the licensing authority shall issue a certificate of discharge of export obligation to the EPCG Licence holder and send a copy of the same to the customs authorities with whom BG/LUT has been executed.