Seeks to amend Notifications 100/2009-Cus, 101/2009-Cus, 102/2009-Cus and 103/2009-Cus all dt.11-09-2009 and 104/2009-Cus dt.14-09-2009 - 42 /2012 - Customs -Tariff
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Export obligation rules revised: 100% bank guarantee for common service providers, documentation, sectoral and scrip clarifications. Amendments require authorisations (from 5 June 2012) to specify capital goods and the export-obligation quantum for Common Service providers, mandate a bond with a bank guarantee equal to 100% of duty foregone (providable by provider, a user, or combination), require shipping bills for users to record EPCG authorisation details and prior notification to the Regional Authority, clarify counting of users/Authorization Holder for obligations, relax TUFS and SHIS conditions where benefits are refunded or surrendered, and introduce reduced export obligations for specified green technologies and additional definitional and transfer rules for Status Holders Incentive Scheme scrips.
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Export obligation rules revised: 100% bank guarantee for common service providers, documentation, sectoral and scrip clarifications.
Amendments require authorisations (from 5 June 2012) to specify capital goods and the export-obligation quantum for Common Service providers, mandate a bond with a bank guarantee equal to 100% of duty foregone (providable by provider, a user, or combination), require shipping bills for users to record EPCG authorisation details and prior notification to the Regional Authority, clarify counting of users/Authorization Holder for obligations, relax TUFS and SHIS conditions where benefits are refunded or surrendered, and introduce reduced export obligations for specified green technologies and additional definitional and transfer rules for Status Holders Incentive Scheme scrips.
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