Bank Guarantee reduction for eligible manufacturer and domestic exporters granted retrospective effect to earlier advance licences. DGFT permits manufacturer exporters registered with state sales tax authorities to furnish a Bank Guarantee at 25% of duties saved for Advance Licences upon CA-certified past exports, tax/ excise registration proof and a declaration of no penalisation, and directs that this facility, together with endorsed bond/BG terms for qualifying established domestic companies, applies retrospectively to licences issued before the Public Notices.
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 reduction for eligible manufacturer and domestic exporters granted retrospective effect to earlier advance licences.
DGFT permits manufacturer exporters registered with state sales tax authorities to furnish a Bank Guarantee at 25% of duties saved for Advance Licences upon CA-certified past exports, tax/ excise registration proof and a declaration of no penalisation, and directs that this facility, together with endorsed bond/BG terms for qualifying established domestic companies, applies retrospectively to licences issued before the Public Notices.
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