Monitoring cases where export obligation period and time prescribed for furnishing evidence of fulfilling of EO are over - CBEC Instructions
AS per Board Instruction No. 609/119/2010-DBK dated 18.01.2011, field formations were required to formulate action plan to monitor cases where export obligation period and time prescribed for furnishing evidence of fulfilling of EO are over, but the same is not furnished, and to take timely action to safeguard revenue in such cases.
Instances of delayed action in cases where export obligation period and time prescribed for furnishing evidence of fulfilling of EO are over, but the same is not furnished, have come to the notice of the Board.
Board has decided to strengthen the monitoring and make it uniform so that timely initiation of action to safeguard revenue can be invariably ensured as well as progress effectively tracked. Accordingly, the report already prescribed for Chief Commissioners vide DG (Inspection) D.O. No.1350/2/2008 dated 26.02.2008 shall hence forth be a monthly report in the template enclosed and it shall no longer be limited upto the year 2004-05 for Advance Authorizations/DFIAs or upto the year 2003-04 for EPCG Authorizations, but shall be upto the current period. The Zones shall ensure that the report reaches the office of DGI within 7 days of the close of the month. The DGI shall compile report All-India/Zone-Wise and make this available to Ministry within 15 days of the close of the month.
Board has directed Chief Commissioners & Commissioners to use this report for detailed monitoring of these cases and ensure that timely action is taken.
CBEC F. No. 609/156/2013-DBK, Dated: February 25 2014