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<h1>Circular Amends Bank Guarantee Waiver for EOUs: Turnover, Tenure, and Compliance Criteria Specified for Consistency.</h1> The circular amends Circular No. 54/2004-Customs concerning the waiver of bank guarantee requirements for 100% Export Oriented Units (EOUs). The amendment clarifies that the waiver applies if the unit has a turnover of Rs. 5 crores or more, has existed for at least three years, and has not received a show cause notice or confirmed demand for fraud or significant violations in the past three years. Procedural violations do not disqualify units from the waiver. The amendment aims to ensure consistent application of these criteria across Customs and Central Excise field formations.