https://www.taxtmi.com/circulars?id=70204 Authorisation holders and Customs Brokers seeking exemption from bank guarantee or cash security for registration of Advance Authorisation and EPCG licences must submit a complete, true, and correct declaration or affidavit regarding penalty history. The exemption is available only if the licence holder has not been penalized under the Customs Act, the Central Excise Act, FEMA, or the Foreign Trade (Development and Regulation) Act during the previous three financial years. Any false or misleading declaration may attract penal action under the Customs Act, including section 117. en-us Thu, 04 Jun 2026 00:00:00 +0530 Thu, 04 Jun 2026 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70204 Authorisation holders and Customs Brokers seeking exemption from bank guarantee or cash security for registration of Advance Authorisation and EPCG licences must submit a complete, true, and correct declaration or affidavit regarding penalty history. The exemption is available only if the licence holder has not been penalized under the Customs Act, the Central Excise Act, FEMA, or the Foreign Trade (Development and Regulation) Act during the previous three financial years. Any false or misleading declaration may attract penal action under the Customs Act, including section 117. Circulars Customs Thu, 04 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70204