9911796707
TMI BlogDEEC & EPCG Scheme - Manufacturer - Exporters exempted from furnishing Bank Guarantee - Bond form prescribedX X X X Extracts X X X X X X X X Extracts X X X X ..... G Licences issued after 1.4.1995. 2. The exemption from furnishing Bank Guarantee shall be available provided the following conditions are fulifled :- (i) Where he has been already issued an EPCG Licence, and is having a turnover of Rs. 1 Crore or more in the preceding financial year; (a) he must also have a record of having achieved the export obligation specified in the EPCG notification (s); or (b) if the Export Obligation has not expired, the Exporter has not defaulted on the export obligation specified in EPCG for the block period in any licence(s) as prescribed in the relevant Customs notification (s).(ii) for a licence holder who has no previous licence issued under EPCG Scheme, he must have Export turnover of Rs. 1Crore or mor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e at _____________________ hereinafter referred to as the Obligor (s) and __________________ called the surety (ies) (which expression shall, unless repugnant of the context or meaning thereof include our heirs, successors, executors, administrators, liquidators, legal representatives and assignees) hereby hold and firmly bind over - selves jointly and severally unto the President of India, acting thorough the (jurisdictional Assistant commissioner of Customs) Department of Revenue, Ministry of Finance, Government of India, hereinafter referred to as 'the Government' in the sum of Rupees ____________________ only for which payment to be well and truly made, I/ we, the obligor (s) bind myself/ ourselves by these presents. WHEREAS I/ we, t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the export obligation within 30 days from the expiry of the specified export obligation period to the satisfaction of the Government. 4. In the event of failure of fulfil full or part of the export obligations as specified in the said notification and the licence, I/ we, the obligor(s), herein undertake to pay the customs duty but for the exemption and also interest @ 24% per annum thereon forthwith and without any demur, to the Government. 5. I/ we, the obligor(s), shall comply with the conditions and limitations stipulated in the said Import and Export Policy as amended from time to time. 6. I / we, the obligor(s), shall not change the name and style under which we, the obligor(s), are doing business or change the location of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osing singular shall also include the plural and vice-versa where the context so requires. IN WITNESS HEREOF these presents have been signed this day ______________ of ___________19 _______ herein before written by the obligor(s) and the surety (ies). Place: Date: (Signature of the Obligor) Witness (1) name and address (1) occupation (1) __________________ (2) name and address (2) occupation (2) __________________ *(Signature of the surety) *As per Para 6 of Board's Circular No. 71/ 98- Cus. dated 15th Sept. 1998. Witnesses (1) name and address (1) occupation (1) _________________ (2) name and address (1) occupation (2) _________________ Signature and date Name _________________________________ Designation _________ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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