Respected Forum,
I am SEZ Unit, my turnover for the year 2012-13 is less than Rs. 100.00 Lac, Current year i.e. 2013-14 is more than Rs. 600.00 Lac. I want to remove some goods temporarily to DTA for job work.
Is Bank Guarantee clause is applicable on me?,
( It is written Bank guarantee is applicable, if the unit has not completed two years or its turnover is less than Rs. 100.00 Lac.)
if yes pls let me know about any notification to satisfy my management.
If this clause is not applicable on me, please also let me know about any clarification/circular/notification to satisfy my specified officer of custom.
With kind regard,
SEZ Unit Questions Bank Guarantee Requirement for Temporary Goods Removal to DTA; Turnover Exceeds Rs. 100 Lac Threshold. An SEZ unit inquired about the applicability of a bank guarantee requirement for temporarily removing goods to the Domestic Tariff Area (DTA) for job work. The unit's turnover increased from less than Rs. 100.00 Lac in 2012-13 to more than Rs. 600.00 Lac in 2013-14. The bank guarantee clause applies if a unit has not completed two years or has a turnover below Rs. 100.00 Lac. The unit seeks clarification or notification to confirm whether the clause applies. A respondent asked if the issue was resolved and requested further information if not. (AI Summary)
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