bank guarantee value, Customs - Exim - SEZ

[simran oberoi]

I need to import 2nd machine for which i am applying EPCG. how much is the bank guarantee i have to provide to customs for clearing the machine .

note :- i am not registered with Central excise an company is formed on 6 june 2016 (after GST )

already exported around 35 lac in 8 months .( only exports). since first machine cleared under 100 percent bank guarantee till now.

we are manufacturer exporter and not third party exporter.

Thanks for your help

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

It will be decided by the Authority concerned considering the value of the machine and other factors.

[simran oberoi]

dear Sir .

The value of he machine is approximately INR:- 1,21,40000.

The total IGST :- 18 percent and approximately customs :- 9 percent .

If the EPCG is issued with both considering IGST and customs i.e 27 percent .

The Bank guarantee amount will be either 100 percent of 27 percent or 15 percent of 27 percent

We are already manufacturer exporter but do not have central excise number and are exporting since last 9 months only .

[raghunandhaanan r vi]

Hi

Import of Second hand capital goods not allowed under EPCG Scheme

as per Appendix 5F of Handbook Procedure - Vol 1