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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... : Revised norms for execution of Bond and Bank Guarantee 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.&n....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the transaction cost. This issue has been discussed again with DGFT/MOC who have strongly recommended that considering the practical problem in furnishing such surety by status holders and large exporters operating under EPCG/Advance License Schemes, it would be advisable to permit furnishing of a bond  without surety.  3.         Considering th....