https://www.taxtmi.com/circulars?id=929 Revised norms require bonds and bank guarantees under DEEC and EPCG to secure the duty that would be leviable but for exemption-calculated as basic duty plus additional duty on merits minus additional duty actually payable-and prescribe category wise guarantee percentages, acceptable forms of surety (bank guarantee, cash security or specified financial institution guarantee), Commissioner discretion to demand higher guarantees for revenue risk or past defaults, minimum bond durations tied to export obligations, consignment wise guarantees at port of registration on request, and conditions for joint parent subsidiary bonding with joint and several liability. en-us Wed, 28 Aug 1996 00:00:00 +0530 Mon, 18 Aug 2025 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=929 Revised norms require bonds and bank guarantees under DEEC and EPCG to secure the duty that would be leviable but for exemption-calculated as basic duty plus additional duty on merits minus additional duty actually payable-and prescribe category wise guarantee percentages, acceptable forms of surety (bank guarantee, cash security or specified financial institution guarantee), Commissioner discretion to demand higher guarantees for revenue risk or past defaults, minimum bond durations tied to export obligations, consignment wise guarantees at port of registration on request, and conditions for joint parent subsidiary bonding with joint and several liability. Circulars Customs Wed, 28 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=929