Revised Norms for Execution of Bond and Bank Guarantee under Advance Licence and EPCG Schemes Reg

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.... for Execution of Bond and Bank Guarantee under Advance Licence and EPCG Schemes - Reg. The undersigned is directed to invite attention to Board's Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1....

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....tor Undertakings etc. under Advance Licence and EPCG Schemes, the intention is not to take a Surety alongwith Bond. It is, therefore, clarified that in respect of the categories of importers specified in paragraph 3.1(a) to (e) of Circular No.58/2004-Cus. dated 21.10.2004, a Bond without Surety shall be accepted for the purposes of import of goods under Advance Licence/ EPCG Schemes. All other con....