Duty Exemption Scheme - Bond / BG to be executed with that Custom House where application for Advance Licence is registered
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..../ Bank guarantee by the Custom House/ Port in which DEEC Book is registered - Regarding. A reference has been received from some of the Commissioners of Customs pointing out that the procedure laid down in Para 2.4 of Ministry's Customs House is to accept the Bond/ Bank Guarantee which is to be executed by the importer for goods imported under the Exemption Notification Nos. 79/95 and 80/95....
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.... Bond/ Bank Guarantee and endorse the facts of the amount of the Bond/ Bank Guarantee taken on the TRA issued by it to the Port of Clearance. The Port of Clearance/ Customs House must after making the endorsement in the DEEC Book Part I (Import) Part C and Part D, intimate by Telex the particulars of the duty-free materials imported as entered in Part D of the DEEC Book to the Customs House ....
TaxTMI