Bond without surety permitted for eligible importers under Advance License and EPCG, subject to existing execution conditions. Acceptance of a bond without surety is permitted for importers eligible under the Advance License and EPCG Schemes in the categories specified in the earlier circular, including public sector undertakings, to address practical difficulties faced by status holders and large exporters; all other conditions and checks for execution of bonds and bank guarantees under those schemes continue to apply, with bank guarantees or cash security remaining alternate security options.
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.
Bond without surety permitted for eligible importers under Advance License and EPCG, subject to existing execution conditions.
Acceptance of a bond without surety is permitted for importers eligible under the Advance License and EPCG Schemes in the categories specified in the earlier circular, including public sector undertakings, to address practical difficulties faced by status holders and large exporters; all other conditions and checks for execution of bonds and bank guarantees under those schemes continue to apply, with bank guarantees or cash security remaining alternate security options.
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