Issuance of Scrip against loss Of Original Bank Certificate

2.63

In such cases where original bank certificate has been lost, claim under VKGUY/ Focus Market/ Focus Product Schemes can be considered subject to submission of the following documents:-

a) A duplicate copy of the Bank Certificate issued by the bank in lieu of original lost.

b) An application fee equivalent to 2% of the entitlement, in respect of lost Bank Realisation Certificate.

c) An affidavit by the exporter about the loss of Bank Certificate and an undertaking to surrender it immediately to the concerned Regional Authorities, in case the same is found subsequently.

d) An indemnity bond by the exporter to the effect that he would indemnify the Government for the financial loss if any on account duty credit issued against lost Bank Certificate.

The claim against the lost Bank Certificate shall be preferred within a period of six months from the date of realization and application received thereafter shall be rejected.

In such cases, where both the documents have been lost, the exporter shall follow the procedure laid down in paragraph 2.62 and 2.63.

(Para 2.63 has been added vide PN.NO. 54/2006, DT. 13/09/2006)