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of <h1>New Circular Eases Bond Requirements for Large Exporters and Status Holders under Advance License and EPCG Schemes.</h1> The circular revises norms for executing bonds and bank guarantees under the Advance License and EPCG Schemes. It addresses concerns raised by the trade sector regarding the difficulty and increased transaction costs of furnishing surety against bonds, especially for status holders and large exporters. The amendment allows these importers, including public sector undertakings, to provide a bond without surety. This aligns with existing provisions for status holders and manufacturer exporters on the Central Excise side. All other conditions from previous circulars remain applicable. Guidance for staff and trade is to be issued, and acknowledgment of the circular's receipt is requested.
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