https://www.taxtmi.com/circulars?id=63025 Bond and bank guarantee amounts under Advance Authorization and EPCG must equal only the duty ordinarily leviable on the goods but for the exemption; interest (simple or compound) is not included in calculating bond/BG quantum because it is penal and arises only on default. Bonds/BGs must, however, include a condition that interest and other applicable charges will be payable by the authorization holder in case of non compliance with scheme conditions. en-us Wed, 18 Mar 2009 00:00:00 +0530 Tue, 05 Nov 2019 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63025 Bond and bank guarantee amounts under Advance Authorization and EPCG must equal only the duty ordinarily leviable on the goods but for the exemption; interest (simple or compound) is not included in calculating bond/BG quantum because it is penal and arises only on default. Bonds/BGs must, however, include a condition that interest and other applicable charges will be payable by the authorization holder in case of non compliance with scheme conditions. Circulars Customs Wed, 18 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63025