Furnishing of security/surety by merchant exporters- Board’s Circular No. 586/23/2001-CX dated 12.9.2001

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..... Board's Circular No. 586/23/2001-CX dated 12.9.2001 wherein it was directed that Merchant Exporters, other than the Status holders (Super Star Trading House, Star Trading House, Trading House and Export House) have to, along with the bond executed for purpose of exports, furnish a security of 25% of bond amount and surety of full bond amount. Later in the background of representations received fro .....

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..... categories of merchant exporters namely status holders (Super Star Trading House, Star Trading House, Trading House, Export House) and exporters registered with recognized Export Promotion Councils would be exempt from furnishing security and/ or surety with the bond executed by them for export of goods without payment of duty unless they have come to the adverse notice of the Department. 3. Tra .....

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