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'Delay by authorities can't result in denial of benefits'

The RBI has not stipulated any amount up to which the banks can write off the IDPMS or EDPMS entries automatically

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TNC Rajagopalan
We have fulfilled the export obligation against our EPCG authorisation and submitted the redemption application to our JDGFT. There has been a delay in redemption due to staff shortage in the JDGFT’s office. In the meantime, the Customs have issued notice to us saying that unless we submit the redemption letter they will enforce our bond and BG. How to deal with the situation?
Please bring the facts to their attention and send a copy of your redemption application and ask them to wait till the JDGFT issues the redemption letter. In the case of Ramsays Corporation Ltd. Vs. CC, Chennai-IV
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Aug 23 2022 | 1:52 AM IST

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