Importer verification: EPCG and Advance Authorizations registered on affidavit followed by post verification and conditional bank guarantee requirement. Registrations of Advance Authorization/EPCG authorizations will be allowed on the basis of an affidavit without prior Central Excise verification; upon submission of the original authorization, a request letter and the prescribed affidavit, registrations shall be completed the same day. Post-registration verification by relevant agencies will determine penal consequences, and adverse reports will render any exemption from Bank Guarantee/cash security inapplicable, requiring a 100% Bank Guarantee.
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Provisions expressly mentioned in the judgment/order text.
Importer verification: EPCG and Advance Authorizations registered on affidavit followed by post verification and conditional bank guarantee requirement.
Registrations of Advance Authorization/EPCG authorizations will be allowed on the basis of an affidavit without prior Central Excise verification; upon submission of the original authorization, a request letter and the prescribed affidavit, registrations shall be completed the same day. Post-registration verification by relevant agencies will determine penal consequences, and adverse reports will render any exemption from Bank Guarantee/cash security inapplicable, requiring a 100% Bank Guarantee.
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