https://www.taxtmi.com/circulars?id=988 Specifies that a corporate guarantee may substitute for a bank guarantee under DEEC/EPCG only when executed by a recognised group company and when group status is shown by same-management criteria (common MD/Manager, overlapping director majorities within six months, common control of one-third voting power, or directors holding majority shares). The guarantor must supply a certified register entry, a board resolution authorising the guarantee under company law, and a no-objection from lenders; the guarantee must be valid for two years and renewed or include an enforcement clause, and Customs must be informed of management changes. en-us Tue, 09 Sep 1997 00:00:00 +0530 Fri, 25 Jul 2025 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=988 Specifies that a corporate guarantee may substitute for a bank guarantee under DEEC/EPCG only when executed by a recognised group company and when group status is shown by same-management criteria (common MD/Manager, overlapping director majorities within six months, common control of one-third voting power, or directors holding majority shares). The guarantor must supply a certified register entry, a board resolution authorising the guarantee under company law, and a no-objection from lenders; the guarantee must be valid for two years and renewed or include an enforcement clause, and Customs must be informed of management changes. Circulars Customs Tue, 09 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=988