Bank guarantee norms under EPCG scheme broadened to include port custodians, easing security requirements for importing capital goods. Service providers in the port handling sector appointed as custodians by jurisdictional Customs/Central Excise authorities are eligible for a 25% Bank Guarantee when importing capital goods under the EPCG scheme, modifying Circular No.58/2004-Cus; Trade Notice and Standing Order to be issued for guidance and implementation issues reported to the Board.
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Bank guarantee norms under EPCG scheme broadened to include port custodians, easing security requirements for importing capital goods.
Service providers in the port handling sector appointed as custodians by jurisdictional Customs/Central Excise authorities are eligible for a 25% Bank Guarantee when importing capital goods under the EPCG scheme, modifying Circular No.58/2004-Cus; Trade Notice and Standing Order to be issued for guidance and implementation issues reported to the Board.
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