Bank guarantee requirements secure duty exemption and EPCG obligations with category-based quantum and discretionary enhancement. Surety under the Duty Exemption and EPCG Schemes must ordinarily be a Bank Guarantee covering the difference between duties leviable on merits and duties actually paid; prescribed category-based guarantee amounts apply, with Collector discretion to demand higher guarantees for revenue risk, and EPCG bonds and guarantees must remain valid for the full export obligation period plus one year.
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 requirements secure duty exemption and EPCG obligations with category-based quantum and discretionary enhancement.
Surety under the Duty Exemption and EPCG Schemes must ordinarily be a Bank Guarantee covering the difference between duties leviable on merits and duties actually paid; prescribed category-based guarantee amounts apply, with Collector discretion to demand higher guarantees for revenue risk, and EPCG bonds and guarantees must remain valid for the full export obligation period plus one year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
