Taking of Bank Guarantees (B/G) in cases of Notifications pertaining to conditional re-exportation of imported goods of containers of durable nature (Nfn.No.104/94 Cus.), goods manufactured in India and parts of Such goods whether from/of Indian origin/foreign manufacture and re-imported into India for repairs or for re-conditioning, or processing, or refining, or remaking etc. (Notfn. No.158/95 Cus.) and re imported goods exported under various export promotion schemes (Notfn No. 094/96 Cus.)etc

Taking of Bank Guarantees (B/G) in cases of Notifications pertaining to conditional re-exportation of imported goods of containers of durable nature (Nfn.No.104/94 Cus.), goods manufactured in India and parts of Such goods whether from/of Indian origin/foreign manufacture and re-imported into India for repairs or for re-conditioning, or processing, or refining, or remaking etc. (Notfn. No.158/95 Cus.) and re imported goods exported under various export promotion schemes (Notfn No. 094/96 Cus.)etc – procedure https://www.taxtmi.com/circulars?id=63033 Procedure mandates taking Bank Guarantees and End Use/Transit Bonds for consignments covered by conditional re exportation and certain re importation notifications. First time importers must furnish a higher guarantee tied to the differential duty exempted; regular importers with no pending re export proof beyond permissible limits need not furnish a guarantee; regular importers with pending re export proof within the stipulated period must furnish a reduced guarantee; importers who breached prior bond terms must furnish the higher guarantee. Trade may report implementation problems to the Commissioner. en-us Wed, 06 Feb 2008 00:00:00 +0530 Tue, 05 Nov 2019 17:21:00 +0530 TaxTMI RSS Generator Taking of Bank Guarantees (B/G) in cases of Notifications pertaining to conditional re-exportation of imported goods of containers of durable nature (Nfn.No.104/94 Cus.), goods manufactured in India and parts of Such goods whether from/of Indian origin/foreign manufacture and re-imported into India for repairs or for re-conditioning, or processing, or refining, or remaking etc. (Notfn. No.158/95 Cus.) and re imported goods exported under various export promotion schemes (Notfn No. 094/96 Cus.)etc – procedure https://www.taxtmi.com/circulars?id=63033 Procedure mandates taking Bank Guarantees and End Use/Transit Bonds for consignments covered by conditional re exportation and certain re importation notifications. First time importers must furnish a higher guarantee tied to the differential duty exempted; regular importers with no pending re export proof beyond permissible limits need not furnish a guarantee; regular importers with pending re export proof within the stipulated period must furnish a reduced guarantee; importers who breached prior bond terms must furnish the higher guarantee. Trade may report implementation problems to the Commissioner. Circulars Customs Wed, 06 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63033