Furnishing of Bank Guarantee regarding Provisional Assessment of Shipping Bills under Section 18 of the Customs Act, 1962.

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....ice No. 23/2023 (Port) Sub - Furnishing of Bank Guarantee regarding Provisional Assessment of Shipping Bills under Section 18 of the Customs Act, 1962 - reg. In case of export of iron-ores, assessments are done provisionally under Section 18 of the Customs Act, 1962 and as per procedure laid down in CBIC Circular No. 12/2014 dated 17.11.2014. Vide Circular No. 38/2016-Customs dated 22.08.201....

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....rity" of the differential duty   1 Authorised Economic Operators-T3 (AEO-T3) NIL   2 Authorised Economic Operators-T2 (AEO-T2) 25 % of the estimated duty   3 Authorised Economic Operators-T1(AEO-T1) 50% of the estimated duty   4 Exporters having valid 4 star or above export house Status Holder certificate from DGFT 33% of the esti....

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....y if the Fe content declared as less than 58% in the shipping bill is subsequently backed by CRCL test report i.e. the report also shows the content as less than 58 %. For the purpose of 'clean test records', only those shipments will be taken for consideration where CRCL test report has been received by the Department. 3. Exporters falling under more than one of the above categories....

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....s (Port) for review. (ii) The eligible exporters shall suo moto furnish the details of actions (s) taken against them by any Government agencies such as search, seizure, Show cause notices, Demand orders, Appeals, Judicial proceedings etc. if any, before the Commissioner of Customs (Port) immediately after the issuance of this Public Notice and in future, after the incident. 6. The abo....