https://www.taxtmi.com/circulars?id=55526 Revised norms prescribe that bonds/BGs under Advance Licence and EPCG schemes follow the specified format, cover ordinarily leviable duty, and may be secured by bank guarantee, cash security or approved financial-institution guarantee. Designated categories of status holders, recognized service providers, qualifying manufacturer-exporters and PSUs are eligible for BG exemption, while others must furnish full BG. Exemptions are conditional on no past defaults or penalization, submission and verification of export-performance or excise-payment certificates, solvency certification of sureties, maintenance of BGs for the full export-obligation period, and Customs' record-keeping and enforcement. en-us Wed, 16 Jul 2003 00:00:00 +0530 Mon, 26 Dec 2016 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55526 Revised norms prescribe that bonds/BGs under Advance Licence and EPCG schemes follow the specified format, cover ordinarily leviable duty, and may be secured by bank guarantee, cash security or approved financial-institution guarantee. Designated categories of status holders, recognized service providers, qualifying manufacturer-exporters and PSUs are eligible for BG exemption, while others must furnish full BG. Exemptions are conditional on no past defaults or penalization, submission and verification of export-performance or excise-payment certificates, solvency certification of sureties, maintenance of BGs for the full export-obligation period, and Customs' record-keeping and enforcement. Circulars Customs Wed, 16 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55526