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TMI BlogNorms for execution of Bank Guarantee under specified export promotion schemes- Modifications in Circular No.58/04-Cus dt.21.10.04-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... . dated 21.10.2004 (herein after referred to as 'the said circular') vide which revised norms for execution of Bond / Bank Guarantee (BG) in respect of imports made under the Advance Licence and EPCG Schemes were notified and to say that, representations suggesting the following amendments in the said circular have been received,- (i) to consider the service exports at par with the physical exports and to extend the benefit of exemption from BG to the service providers who fulfill the criteria laid down in the circular ; (ii) to extend the benefits of the said circular to the imports under DFIA scheme; (iii) to consider the cumulative turnover of all the units of a manufacturer for the purpose of eligibility for exem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ceding financial year and having a good track record of three years of exports Nil (b) Public Sector Undertaking Nil (c) Star Export House 1 [Status Holders recognized under the provisions of the Foreign Trade Policy] Nil (d) Manufacturer exporters / Service Providers registered with Central Excise or the Service Tax authorities, as the case may be, who have been exporting during the previous two financial years and have minimum export of ₹ 1 crore or more during the preceding financial year. Nil (e) Manufacturer exporter / Service Provider registered with Central Excise or the Ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d circular as amended. 4. As regards considering the combined export performance / duty payment of all the units of a manufacturer operating under single Importer exporter code (IE code) for the purposes of deciding the eligibility of the said importer for benefits under the said circular, it has been felt that the exporter operating under one IE code and having different units is basically one legal entity. Accordingly it has been decided that the combined export performance / duty payment of all the units of a manufacturer exporter operating under a single IE-Code shall be considered for extending the benefits of the said circular provided all such individual units are separately registered with the Central Excise department and th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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