Bank Guarantee Percentage for EPCG, Customs - Exim - SEZ

[PANKAJ MAHESHWARI]

Sir,

What would be the bank guarantee percentage customs may impose for EPCG if importer in new but registered with excise as well as having permanent excise registration also SSI and RCMC as Manufacturer Exporter

As per Board circular 48/2017cs its 5 % and 25% imposing BG on Licence itself

My question is that 5% and 25% BG applicable on EPCG scheme or Advance authorisation scheme

what are the relevant judgments or circular or public notice for the BG on EPCG scheme and advance authorisation scheme

Customs now started arguing that if such endorsement is there we will take 100 % BG and 15% BG

Pl refer pune DGFT Trade Notice No. 15/AM16 dated 09.06.2016 and Policy Circular No. 35(RE-2000)/2000-2001 Dated: 19^th December, 2000

Awaiting reply

Posts / Replies

[Kishan Barai]

BG for new exporter would be 100% in case of EPCG, if imported by Authorized economic operator then you would get concession based on tire 1,2 or 3. But you can approach the bank, in many cases, i have seen bank provide 100% BG for EPCG by holding your only 15% of the amount in the bank. It's possible