9911796707
TMI BlogCircular No. 5/97 Cus dated 14.03.97. Notfns. No.28/97 Cus & No. 29/97 Cus, both dated 01.04.97 and No. 110/95 Cus & No.111/95.X X X X Extracts X X X X X X X X Extracts X X X X ..... fication No. of Export and Import Policy (EXIM POLICY) 1997 - 2002 announced on 13.4.98 also some changes have been made in the existing EPCG Scheme. The effects of these changes are explained in Board's Circular No. 31/98-Cus. dated 5.5./98 Customs Notification No. 8/98-Cus. and 9/98 -Cus. both dated 23.4.98 may also be referred in this regard. As a result it has become necessary to make amendment in Board's Circular No. 5/97-Cus. dated 14.2.97 so as to incorporate system of monitoring export obligation under 15% (now 10%) and Zero Duty EPCG Scheme as outlined in Customs Notification No. 110/95-Cus., 111/95- Cus., 28/97-Cus. and 29/97-Cus. Accordingly, the following amendments are made in the Board's Circular No. 5/97-Cus. dated 14.3.97. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spectively. 2.5 Annexure IV to the Circular shall be substituted by the new Annexure IV annexed to this Circular. 3. In the revised EXIM Policy issued on 13.4.98, Para 6.10 which provided for filing of bonds and / or bank guarantee under EPCG Scheme has been deleted. As a result an impression is created that henceforth on bond or bank guarantee may required to be filed under EPCG Scheme which is not correct. In this regard attention is invited to Board's Circular No. 45/96-Cus. dated 28.8.96 (F.No.605/75(A)/ 95-DBK) and further clarification issued vide Circular No. 38/97- Cus. dt. 19.9.97 which provides for the norms for execution of the bond/ bank guarantee under EPCG Scheme. It is reiterated that the requirement of filing bond or ban ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on No. 3 to Notification No. 29/97-Cus. and, therefore, they are hereby called upon to show cause to the Asstt. Commissioner of Customs, GP, Customs House, as to why the said duty amounting to Rs. ............ shall not be confirmed and collected from them within 10 days from the date of receipt of this notice, failing which the case shall be decided ex- parte on the basis of the available evidence on record. 2. You are also requested to state whether you wish to be heard in person before the case in finally decided. B. For Non - discharge of 25% of Export obligation for 3 years/ 2 Blocks of two years. Whereas it appears that M/s. (Licence holder) and M/s. (Authorised Customs House Agent) have failed to adhere to discharge at least 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Asstt. Commissioner of Customs, GP ______, Customs House, as to why the said amount should not be confirmed and recovered within 10 days from the date of receipt of this notice with all evidences in original upon which they wish to rest their case of defence, failing which the case shall be decided on the strength of the available evidence on record. 2. Same as in 'A' above. D. Final Notice for production of Certificate of discharge of export obligation. G / Men, Sub:- EPCG Scheme - 15% duty scheme / 10% Duty Scheme / Zero rate of duty Scheme - Discharge of export obligation against Licence No. ............. dated ............ - production of Certificate from Licensing Authority - Reg. Ref :- (i) This Customs House public Notice/ a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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