Revised norms for execution of Bond and Bank Guarantee under Advance License and EPCG Schemes – reg

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..... ecution of Bond and Bank Guarantee under Advance License and EPCG Schemes – reg. Kind attention is invited to DOR Circular Nos.48/2003-Cus. dated 6.6.2003 and 74/2003-Cus. dated 21.8.2003 in terms of which revised norms for execution of Bond/BG under Advance License and EPCG Schemes have been notified. In terms of Para 2.1 of the DOR Circular No. 74/2003-Cus. dated21.8.2003 it .....

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..... cal problem in furnishing such surety by status holders and large exporters operating under EPCG/Advance License Schemes, it would be advisable to permit furnishing of a bond without surety. 3. Considering that the existing provision of furnishing of Bond/BG on Central Excise side also provide for furnishing of bond without surety in the case of status holders and manufacturer expo .....

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