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of <h1>Board amends Circular 52/95 reducing bond and bank guarantee requirements for Export Houses under DEEC and EPCG schemes</h1> The Board amended Circular No. 52/95 to provide relaxations in bond and bank guarantee requirements for export-oriented entities. Under the DEEC Scheme, Export Houses (both large and SSI type) can now clear imported materials against bonds without bank guarantees, receiving the same treatment as Trading Houses and Star Trading Houses. Under the EPCG Scheme, Export Houses are permitted to clear capital goods under the 15% scheme against bonds without bank guarantees unless specifically prescribed otherwise. For the Zero-Duty EPCG Scheme, Super Star Trading Houses, Star Trading Houses, and Trading Houses receive full exemption from bank guarantees, while Export Houses must provide 25% bank guarantee instead of the standard 50% for the duty differential. These amendments aim to facilitate export promotion by reducing financial compliance burdens on qualifying export entities.
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