DEEC/ EPCG Scheme - Bond facility extended to Export Houses & Other Relaxations

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..... ering various representations received from Export Promotion Councils and exports in general. Board has decided to make, the following further relaxation in the norms fixed earlier in Circular no. 52/ 95 dated 25.5.95 for execution of Bond / Bank Guarantees; (i) Under DEEC Scheme "Export House" (both large and SSI type) may be permitted to clear their imported materials under DEEC Scheme against .....

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..... es, super Star Trading Houses, and "Export Houses" will also now betreated at par with Trading Houses and Public Sector Undertakings, which areexempted fromBank Guarantee under Para 4.1 of Board's Circular No. 52/95. EPCG imports 'Service Provider' would be subject to 50% Bank Guarantee under Category 'B' (b) Under the Zero-Duty EPCG Scheme i.e. Exemption Notification No. 111/ 95 dated 5.6.1995, .....

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