Norms for execution of Bank Guarantee under specified export promotion schemes- Modifications in Circular No.58/04-Cus dt.21.10.04-reg.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....58/2004-Cus. dated 21.10.2004 (herein after referred to as 'the said circular') vide which revised norms for execution of Bond / Bank Guarantee (BG) in respect of imports made under the Advance Licence and EPCG Schemes were notified and to say that, representations suggesting the following amendments in the said circular have been received,- (i) to consider the service exports at par with the physical exports and to extend the benefit   of exemption from  BG to the service providers who fulfill the criteria  laid down in the circular  ; (ii) to extend the  benefits of the said circular to the imports under DFIA scheme; (iii) to consider the cumulative turnover of all the units....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r of services in current or preceding financial year and having a good track record of three years of exports Nil (b) Public Sector Undertaking Nil (c) Star Export House ^1[Status Holders recognized under the provisions of the Foreign Trade Policy] Nil (d)  Manufacturer exporters / Service Providers registered with Central Excise or the Service Tax authorities, as the case may be, who have been exporting during the previous two financial years and have minimum export of Rs. 1 crore or more during the preceding financial year. Nil (e) Manufacturer exporter / Service Provider registered with Central Excise or the Service Tax authorities, who has paid central excise duty/ Service Tax of....