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Team Studycafe | Jul 28, 2022 | Views 2

DGFT provides relaxation in submission of ‘Bill of Export’ to SEZ units in case of EPCG Authorization

DGFT provides relaxation in submission of ‘Bill of Export’ to SEZ units in case of EPCG Authorization

The Directorate General of Foreign Trade(DGFT) provides Relaxation in provision of submission of ‘Bill of Export‘ as an evidence of export obligation discharge for supplies made to SEZ units in case of EPCG Authorization, by issuing Policy Circular.

The requirement of submitting ‘Bill of Export’ for supplies made to SEZ is prescribed under the Foreign Trade Policy. Recently, the requirement of submission of Bill of Export for supplies made to SEZ in case of Advance Authorisation has been relaxed vide Policy Circular No. 39 dated 07.06.2022.

So, it is decided to relax the condition of requirement of submission of ‘Bill of Export’ in case of exports made to SEZ units under EPCG Authorization for all the supplies made prior 01.04.2015.

The purpose of discharge of export obligation under EPCG Authorizations, in case of supplies made to SEZ units prior to 01.04.2015, the exporters can submit corroborative evidence in lieu of’ Bill of Exports’ such as:

a. ARE-I form duly attested by jurisdictional Central Excise authorities of EPCG authorization holder.
b. Evidence of receipt of the supplies by the recipient in the SEZ.
c. Evidence of payment made by the SEZ unit to the EPCG authorization holder.

For Official Circular Download PDF Given Below:

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