Redemption 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.

(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 concerned showing that supplies have been received;

(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.

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