Bank guarantee calculation for silver imports under Export Against Supply scheme tied to reduced nominated-agency duty rate, easing transaction costs. For calculation of the bank guarantee amount in respect of silver imported under the 'Export Against Supply by Foreign Buyer' scheme, the duty on silver shall be taken at the rate applicable to nominated agencies under notification No.80/97-Cus. (the reduced nominated-agency duty rate). Circular No.36/2002-Cus. dated 28 June 2002 is amended to this extent; a Public Notice will be issued and implementation difficulties should be reported to the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bank guarantee calculation for silver imports under Export Against Supply scheme tied to reduced nominated-agency duty rate, easing transaction costs.
For calculation of the bank guarantee amount in respect of silver imported under the "Export Against Supply by Foreign Buyer" scheme, the duty on silver shall be taken at the rate applicable to nominated agencies under notification No.80/97-Cus. (the reduced nominated-agency duty rate). Circular No.36/2002-Cus. dated 28 June 2002 is amended to this extent; a Public Notice will be issued and implementation difficulties should be reported to the Board.
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