NCLAT: IRP Has Authority to Take Possession of Assets Owned by Corporate Debtor  ||  NCLAT: NCLT Can Direct Forwarding a Copy of its Order to Relevant Statutory Authorities  ||  Delhi HC: Centre to Expedite Process of Accessibility Features in OTT platforms for PwDs  ||  Delhi HC: Once Worker Provides Testimony Under Oath ‘Burden of Proof’ Shifts on Employer  ||  SC: There Cannot be Discrimination in Matter of Payment of Pension to Retired Judges  ||  SC: India is Not a Dharamshala that Can Entertain Foreign Nationals from All Over  ||  SC: Can Quash Domestic Violence Act Complaints Under Section 482 of CrPC  ||  Supreme Court: Can’t Use Statement of One Accused against Another  ||  SC: Inclusion of Name in Draft NRC Cannot Annul Foreigners Tribunal’s Declaration as Non-Citizen  ||  Supreme Court: Minimum Practice of 3 Years Mandatory to Enter Judicial Service    

DGFT relaxes provision of the submission of a "Bill of Export" for supplies made to the SEZ units - (07 Jun 2022)

Customs

Directorate General of Foreign Trade (DGFT) has relaxed the provision of the submission of a "Bill of Export" for supplies made to the SEZ units in case of Advance Authorisation in order to ease compliance burden. The requirement of submitting ‘Bill of Export’ for supplies made to SEZ is prescribed under the Foreign Trade Policy. This requirement was challenged by several exporters before various High courts in the country on the ground of hardships suffered by them due to non-availability of this provision for the period covered upto FTP 2009-14. In most of the cases, Hon’ble Courts have granted relief to the Advance Authorisation holders.

Accordingly, the issue has been examined and in terms of Para 2.58 of the FTP 2015-2020 (extended upto 30th September, 2022), Circular has been issued to relax this condition of requirement of submission of ‘Bill of Export’ in case of exports made to SEZ units under Advance Authorisation, for all such supplies made prior to 1st April, 2015.

For the purpose of discharge of export obligation under Advance Authorisations, in case of supplies made to SEZ units prior to 1st April, 2015, the exporters can submit corroborative evidence in lieu of ‘Bill of Exports’ such as: a) ARE- t form duly attested by jurisdictional Central Excise/GST Authorities of AA 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 AA holder. Policy Circular is issued with the approval of DGFT.

Tags : EXPORT BILL   SUBMISSION   RELAXATION  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved