https://www.taxtmi.com/circulars?id=3240 Amendments require specified exporters with requisite export performance and no penalisation to furnish a Legal Undertaking, other manufacturers to furnish bond with bank guarantee for 25% of excise duty saved, and merchant exporters to furnish bond with bank guarantee for 100% of excise duty saved on indigenously procured items in lieu of imports; EPCG licences must be co-terminus with export obligation validity; DEPB post-export/re-export is barred unless DEPB rate is notified; deemed-export benefits for power, oil and gas (excluding refineries), and new refineries are conditional on certification, customs notification coverage, and procurement under ICB or limited global tender with specified limits on excise-duty refunds and benefit eligibility. en-us Thu, 22 Apr 1999 00:00:00 +0530 Fri, 21 Dec 2007 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3240 Amendments require specified exporters with requisite export performance and no penalisation to furnish a Legal Undertaking, other manufacturers to furnish bond with bank guarantee for 25% of excise duty saved, and merchant exporters to furnish bond with bank guarantee for 100% of excise duty saved on indigenously procured items in lieu of imports; EPCG licences must be co-terminus with export obligation validity; DEPB post-export/re-export is barred unless DEPB rate is notified; deemed-export benefits for power, oil and gas (excluding refineries), and new refineries are conditional on certification, customs notification coverage, and procurement under ICB or limited global tender with specified limits on excise-duty refunds and benefit eligibility. Circulars DGFT Thu, 22 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3240