Attention is invited to Ministry's Circular No. 131/95 dated the 20th December, 1995 clarifying the scope of certain amendments to notifications issued under DEEC and EPCG Scheme particularly for discharge waiver of  Bond to be executed with the Customs Authority. The DGFT have observed that the Circular militates against the fact the monitoring export obligation remains the primary responsibility of the licencing authority.

2.    It is now provided that while the Bond/ BG would continue to be furnished to the Customs, for discharge of Bond, the exporter must obtain a Certificate from the Licencing authority that the export obligation has been discharged. Thus, henceforth a certificate from the licencing authority must be insisted upon in addition to the exporter/ Advance Licence Holder furnishing a Customs endorsed Part-F of DEEC BOOK (Part - II), and DEEC / EP triplicate copies or relevant Shipping Bills.

3.    Where exports are completed in full, and waiver of Bond is sought, the same would be decided by the Assistant Commissioner of Customs after a similar certificate has been obtained from the licencing authority and furnished at the time of import.

4.    For the discharge of Bond executed in terms of Notification No. 128/94-Customs relating to Special Imprest Licencing Scheme, the only evidence required would be a certificate of the Licencing authorities confirming discharge of obligation under the said notification.

5(a).    For discharge of export obligation under E.P.C.G. Scheme also a certificate from Licencing authority confirming that export obligation has been fulfilled may also be insisted upon.

5(b).    For discharge of exports of Service providers under E.P.C.G. Scheme, it may not be possible even otherwise for Customs authorities to monitor export obligation directly since no export of goods is involved. In such cases, certificate by the Licencing authority certifying due discharge  of export obligation in necessary as evidence of discharge of export obligation.

6.    The instructions issued vide Circular No. 131/95-Cus dated 20.12.95 stand modified to the above extent.