License redemption
This query is : Resolved
03 January 2012
Sir,
Please send me the list of documents required for redemption of EPCG license.
Regards,
Siddhi Nath
Please send me the list of documents required for redemption of EPCG license.
Regards,
Siddhi Nath
03 January 2012
Chaturvedi ji, submit in R.L.A along with request letter :
1. Two copies of the application must be submitted unless otherwise mentioned.
2. Each individual page of the application has to be signed by the applicant.
3. Application must be accompanied by documents as per details given below:
4. 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.
1. Two copies of the application must be submitted unless otherwise mentioned.
2. Each individual page of the application has to be signed by the applicant.
3. Application must be accompanied by documents as per details given below:
4. 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.
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03 January 2012
Chaturvedi ji, submit in R.L.A along with request letter :
1. Two copies of the application must be submitted unless otherwise mentioned.
2. Each individual page of the application has to be signed by the applicant.
3. Application must be accompanied by documents as per details given below:
4. 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.
1. Two copies of the application must be submitted unless otherwise mentioned.
2. Each individual page of the application has to be signed by the applicant.
3. Application must be accompanied by documents as per details given below:
4. 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.
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04 January 2012
Sir,
Our Average AO+ is 8225210.23 this year Export is 6 Crore till December as per license our EO was 3300000 But we have compleated 5500000.sir FY EO will be Till December or we need to wait till March for applying the redemption of the license.
Regards
Siddhi Nath Chaturvedi
Our Average AO+ is 8225210.23 this year Export is 6 Crore till December as per license our EO was 3300000 But we have compleated 5500000.sir FY EO will be Till December or we need to wait till March for applying the redemption of the license.
Regards
Siddhi Nath Chaturvedi
04 January 2012
for more information provide copy of EPCG licence as attched in forum .
Regards,
Regards,
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