Regarding norms for execution of Bank Guarantee in respect of Advance Authorization (AA) / Duty Free Import Authorization (DFIA) / Export Promotion Capital Goods (EPCG) Schemes

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.... 4th March, 2013 To All Chief Commissioners of Customs All Chief Commissioners of Central Excise / Customs & Central Excise All Director Generals under CBEC, All Commissioners of Customs / Customs (Preventive) All Commissioners of Central Excise /Customs & Central Excise Madam/Sir, Subject : Norms for Execution of Bank Guarantee in respect of Advance Authorization (AA) / Duty Free Import A....

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....ces, regarded as other than technical offences, had been booked during the previous three financial years and it was prescribed that, in case such violation(s) were revealed, the benefit of exemption from bank guarantee should not be extended. 3. It has been brought to the notice of the Board by exporters, trade associations and the field formations that with this amendment the benefit of availin....

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....d for issue of show cause notice has been invoked. (b) Cases of mis-declaration and/or clandestine/unauthorized removal of excisable / import / export goods warranting confiscation of said goods. (c) Cases of mis-declaration / mis-statement / collusion / willful suppression / fraudulent intent aimed at availing CENVAT credit, rebate, refund, drawback, benefits under export promotion/reward schem....