5.13

As evidence of fulfillment of export obligation, the licence holder shall furnish the following documents;

(a) For Physical Exports:

A consolidated statement of exports made in the form given in Appendix-9A, duly certified by a Chartered Accountant and bank evidencing exports and realisation in freely convertible currency or statements of exports in the form given in Appendix-9A for individual banks duly certified by a Chartered Accountant.

However in case of exports made under irrevocable letter of credit and the non realization of export proceeds, a copy of the irrevocable letter of credit may be submitted.

(New sub para at the end of para 5.13 (a) has been added vide PN. No. 12(RE-02), Dt. 2/5/2002)

(b) For Deemed Exports:

(i) Copy of ARO/ Back to Back Inland Letter of Credit or Advance Licence for Intermediate Supplies

Or

Supply Invoices duly certified by the Bond Office of EOU/ EPZ concerned showing that the supplies have been received.

(In para(b)(i) has been amended vide PN. No. 39/2002-07, Dt. 08/10/2002)

[OLD -
(i) Copy of ARO/ Back to Back Inland Letter of Credit or Advance Licence for Intermediate Supplies.

(First line of paragraph 5.13(b)(i) has been corrected vide PN. No. 12(RE-02), Dt. 2/5/2002)

[OLD
(i) Copy of ARO/ Back to Back Inland letter of Credit;]

or

Supply invoices duly certified by the Bond Office of EOU/EPZ concerned showing that supplies have been received;

or

Invoices certified by the Project Authority concerned. -]

(ii) The licencee shall also furnish the evidence of having received the payment through normal banking channel in the form given in Appendix- 22A or a self certified copy of payment certificate issued by the Project authority concerned in the form given in Appendix-12A.

(c) For Services rendered:

Consolidated statement or individual statements (bank/authorised dealer wise) of services rendered in the form given in Appendix-9B, duly certified by a Chartered Accountant and bank/authorised dealer evidencing foreign exchange earning received through normal banking channel.

On being satisfied, the licensing authority shall issue a certificate of discharge of export obligation to the EPCG Licence holder and send a copy of the same to the customs authorities with whom BG/LUT has been executed.