Am I eligible for BG exemptions as per board circular 58/2004 cbic?
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....m I eligible for BG exemptions as per board circular 58/2004 cbic?<br> Query (Issue) Started By: - Dinesh kumar Dated:- 18-9-2025 Last Reply Date:- 25-9-2025 Customs - Exim - SEZ<br>Got 3 Replies<br>Customs<br>I have taken advance license on my company IEC number and add Co - license( other IEC) which have star export house certificate. can I take benefit of star export house for BG e....
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....xemption as per 58/2004 CBIC? If not then what is the purpose of adding co- license in my advance license? can I add co - licensee in EPCG license? Reply By YAGAY andSUN: The Reply: Under CBIC Notification No. 58/2004-Customs (NT) dated 01.07.2004, Bank Guarantee (BG) exemption for Advance Authorization or EPCG is available only to manufacturer exporters with a clean track re....
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....cord and a valid Export House (or higher) status under their own IEC. The status or entitlement of a co-licensee-even if holding Star Export House recognition-cannot be transferred to the main license holder for the purpose of BG exemption. Hence, unless the main authorization holder's IEC independently qualifies, no benefit under 58/2004-Cus can be availed solely based on the co-licensee'....
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....s credentials. The inclusion of a co-licensee under Advance Authorization (Para 4.33, HBP 2023) or EPCG (Para 5.04, FTP 2023) serves limited functional purposes such as facilitating job work, manufacturing, and shared fulfillment of export obligations. Co-licensees must be declared at the time of application and linked structurally (e.g., group companies or supporting manufacturers). However, suc....
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....h inclusion does not confer policy privileges or export house-related benefits to the primary license holder. For BG exemption, eligibility is assessed solely on the credentials of the applicant IEC, not that of any associated co-licensee. Reply By YAGAY andSUN: The Reply: Please confirm that whether you had paid more than Rs. 1 Crore in cash as GST or not? If yes, then you may be eligible as pe....
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....r GST Laws. Reply By Dinesh kumar: The Reply: Not paid more than 1cr. Thanks for sharing <br> Discussion Forum - Knowledge Sharing ....
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