Revised norms for execution of Bond and Bank Guarantee under Advance License and EPCG Schemes – reg

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....under Advance License and EPCG Schemes – reg. Kind attention is invited to DOR Circular Nos.48/2003-Cus. dated 6.6.2003 and 74/2003-Cus. dated 21.8.2003 in terms of which revised norms for execution of Bond/BG under Advance License and EPCG Schemes have been notified. In terms of Para 2.1 of the DOR Circular No. 74/2003-Cus. dated21.8.2003 it was inter-alia clarified that Bond shall be backed....

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....ge exporters operating under EPCG/Advance License Schemes, it would be advisable to permit furnishing of a bond without surety. 3. Considering that the existing provision of furnishing of Bond/BG on Central Excise side also provide for furnishing of bond without surety in the case of status holders and manufacturer exporters, it is clarified that in respect of category of importers specified in ....