Amendment to Circular No.58/2004-Cus. dated 21.10.2004

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..... for Execution of Bond and Bank Guarantee under Advance Licence and EPCG Schemes - reg. Kind attention is invited to Circular No.58/2004-Cus. dated 21.10.2004 vide which revised norms for execution of Bond/BG under Advance Licence and EPCG Schemes were notified for the various categories of importers. Subsequently, after announcement of the Annual Supplement to the Foreign Trade Policy 2004-09 .....

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..... import port handling equipments in bulk so as to develop the infrastructure. And, if such service providers are not a star export house and if they do not have any past foreign exchange earnings, at present they are required to give 100% Bank Guarantee for importing capital goods under EPCG Scheme which increases the transaction cost. 3. On examination of their request in the Ministry, it has .....

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