Timely cancellation of bond executed with Customs in advance authorisation cases
Dated 2nd December, 2015 | Copy of | Instruction | F.No.605/71/2015-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi To Principal Chief Commissioners/Chief Commissioners (All) Principal Directors General/Directors General (All) Principal Commissioners/Commissioners (All) Timely cancellation of bond executed with Customs in advance authorisation cases - regarding During discussions in the Ministry, the Export Promotion Councils have highlighted that field formations take substantial time to cancel the bond executed by exporters with the Customs in terms of the advance authorisation notifications. EPCs informed that much of this time is associated with retrieval of bond file and re-verifying documentation submitted by exporter for obtaining the export obligation discharge certificate (EODC) from the Regional Authority of DGFT. The matter ...
