https://www.taxtmi.com/circulars?id=1520 Revises bond and bank guarantee norms under Advance License and EPCG schemes by defining importer categories and guarantee requirements: specified trading houses, status holders and qualifying manufacturer exporters are exempt from bank guarantees; other manufacturer exporters qualify for a 25% bank guarantee concession; remaining applicants must furnish full security. Bond wording is amended to allow backing by bank guarantee, cash security or surety, with solvency certification for sureties and no surety required for public sector undertakings. DGFT and Central Excise must coordinate verification of licensees and issue export performance certificates for units outside Central Excise control. en-us Thu, 21 Aug 2003 00:00:00 +0530 Wed, 10 Jun 2009 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1520 Revises bond and bank guarantee norms under Advance License and EPCG schemes by defining importer categories and guarantee requirements: specified trading houses, status holders and qualifying manufacturer exporters are exempt from bank guarantees; other manufacturer exporters qualify for a 25% bank guarantee concession; remaining applicants must furnish full security. Bond wording is amended to allow backing by bank guarantee, cash security or surety, with solvency certification for sureties and no surety required for public sector undertakings. DGFT and Central Excise must coordinate verification of licensees and issue export performance certificates for units outside Central Excise control. Circulars Customs Thu, 21 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1520