Amendment to Circular No.58/2004-Cus. dated 21.10.2004

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....Revenue Sub: Revised Norms for Execution of Bond and Bank Guarantee under Advance Licence and EPCG Schemes -  reg. Kind attention is invited to Circular No.58/2004-Cus. dated 21.10.2004 vide which revised norms for execution of Bond/BG under Advance Licence and EPCG Schemes were notified for the various categories of importers. Subsequently, after announcement of the Annual Su....

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....the jurisdictional Customs authorities, are required to import port handling equipments in bulk so as to develop the infrastructure.  And, if such service providers are not a star export house and if they do not have any past foreign exchange earnings, at present they are required to give 100% Bank Guarantee for importing capital goods under EPCG Scheme which increases the transaction co....