Norms for Execution of Bank Guarantee in respect of Advance License/Export Promotion Capital Goods (EPCG) Schemes

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.... Date: 09.01.2015 PUBLIC NOTICE NO. 03/2015 Sub: Norms for Execution of Bank Guarantee in respect of Advance License/Export Promotion Capital Goods (EPCG) Schemes-reg. 1. Attention of all Exporters, Importers, CHAs, Members of Trade and Public is invited to Board's Circular No. 58/2004-Cus dated 21.10.2004 on the above subject as amended by Circular No. 17/2009-Cus, 32/2009-Cus, 6/2011-....

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....rcular. 3. It was brought to notice of the Board that in the above situation the exemption from BG becomes inapplicable (i.e. trade facilitation gets affected) even if there is absence of risk to revenue. 4. In order to redress the above position, the Board has decided to add sub-para (d) below sub-para (c) in para 3.2 of Circular No. 58/2004-Customs (as amended) as follows - "(d) W....