https://www.taxtmi.com/circulars?id=62979 An amendment to Circular No. 58/2004-Cus permits the jurisdictional Commissioner of Customs, for reasons recorded on file, to conclude that a full bank guarantee is not justified where there is an absence of risk to revenue; this applies when the existing penalisation-based condition for reduced BG exemption is not met, allowing a discretionary waiver of the full-security requirement for Advance Licence and EPCG schemes. en-us Fri, 09 Jan 2015 00:00:00 +0530 Thu, 31 Oct 2019 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62979 An amendment to Circular No. 58/2004-Cus permits the jurisdictional Commissioner of Customs, for reasons recorded on file, to conclude that a full bank guarantee is not justified where there is an absence of risk to revenue; this applies when the existing penalisation-based condition for reduced BG exemption is not met, allowing a discretionary waiver of the full-security requirement for Advance Licence and EPCG schemes. Circulars Customs Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62979