Release of Bond & Bank Guarantee - clarity needed!

Sir,

As per the HBP Para 4.47 (b) online redemption and online issue of EODC has been proposed for which there is no indication of implementation.
Secondly as per FTP Para 1.22 (iii) Forthcoming e-Governance Initiatives has been announced.
There is always delay for obtaining EODC from DGFT authority for which the trade is taken on ride by the customs authority for pending EODC. Strict instructions for timely issue of EODC by DGFT authority must be issued by Ministry of Commerce. We fully agree with the views expressed in your Guest Column. Narendra

narendra Adawadkar 13/07/2015