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of <h1>Bank guarantee execution guidelines revised for Duty Exemption and Export Promotion Capital Goods schemes with category-specific requirements</h1> The circular establishes guidelines for bank guarantee execution under Duty Exemption and Export Promotion Capital Goods schemes following policy revisions. Under Duty Exemption Scheme, importers must execute bonds with customs authorities, with bank guarantee requirements varying by category: nil for Super Star Trading Houses and Public Sector Undertakings, 25% of duty saved for Export Houses and Manufacturer-Exporters, and 100% for others. Under EPCG Scheme, bank guarantee of 50% of duty saved is typically sufficient, with exemptions for higher-tier trading houses. Collectors may require higher guarantees based on past track records and revenue risks. The circular aims to ensure uniformity in bank guarantee quantum across different importer categories.
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