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

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....f Finance Department of Revenue Sub : Revised Norms 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 im....

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....xamined by the Board. It is to inform that in the case of imports by Star Export Houses, Public Sector 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....