Amendment in Appendix 25A, HBP Vol.I (Appendices and Aayat Niryat Forms) regarding periodicity of Bank Guarantee (BG) to be executed with Regional Authorities in case of domestic procurement of goods against EPCG authorization.
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Bank guarantee periodicity: BG must be filed for a minimum period and kept alive for the full export-obligation term. The Appendix 25A note is replaced to require the Bond/BG to be filed for a minimum period of three years with an undertaking to keep the BG alive for the entire export-obligation term, thereby harmonising BG validity with customs practice. The BG format is updated to include E-mail ID and phone/fax contact details of the exporter/importer and the bank guarantor.
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 periodicity: BG must be filed for a minimum period and kept alive for the full export-obligation term.
The Appendix 25A note is replaced to require the Bond/BG to be filed for a minimum period of three years with an undertaking to keep the BG alive for the entire export-obligation term, thereby harmonising BG validity with customs practice. The BG format is updated to include E-mail ID and phone/fax contact details of the exporter/importer and the bank guarantor.
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 
