DEEC/ EPCG Scheme - Bond facility extended to Export Houses & Other Relaxations

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....rd for execution of Bank Guarantee. After considering various representations received from Export Promotion Councils and exports in general. Board has decided to make, the following further relaxation in the norms fixed earlier in Circular no. 52/ 95 dated 25.5.95 for execution of Bond / Bank Guarantees; (i) Under DEEC Scheme "Export House" (both large and SSI type) may be pe....

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....cribed in a particular case by the Committee of Secretaries/ EPCG Committee. Hence StarTrading Houses, super Star Trading Houses, and "Export Houses" will also now be treated at par with Trading Houses and Public Sector Undertakings, which are exempted fromBank Guarantee under Para 4.1 of Board's Circular No. 52/95. EPCG imports 'Service Provider' would be subject to 50% Bank Guarantee....