DGFT has issued circular w.r.t Accountability of inputs where Advance Authorisations are issued on net to net basis for parts/ components.
Representations have been received from Trade and Industry informing the difficulties being faced by them in getting EODCs where inputs have been obtained on net to net basis subject to accountability. In order to improve ease of doing business and to facilitate issuance of EODC, it has been decided that EODC shall be issued on the basis of the declaration of Exporter in the relevant part of the shipping bill about input quantities used in the export product. Authorisation holder shall also submit an accountability statement showing description and quantity of exported products and inputs consumed and shall also be accompanied by a certificate, from independent Chartered Engineer certifying that all imported inputs have been used in the resultant products. This will also be applicable for Advance Authorisations where EODC are pending irrespective of policy period.
Representations have been received from Trade and Industry informing the difficulties being faced by them in getting EODCs where inputs have been obtained on net to net basis subject to accountability. In order to improve ease of doing business and to facilitate issuance of EODC, it has been decided that EODC shall be issued on the basis of the declaration of Exporter in the relevant part of the shipping bill about input quantities used in the export product. Authorisation holder shall also submit an accountability statement showing description and quantity of exported products and inputs consumed and shall also be accompanied by a certificate, from independent Chartered Engineer certifying that all imported inputs have been used in the resultant products. This will also be applicable for Advance Authorisations where EODC are pending irrespective of policy period.
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