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TMI BlogClarification regarding bank guarantee requirement for bond executed by EOUs-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... ll Pr. Chief Commissioners/ Chief Commissioners of Customs/ Customs (Prev.) All Pr. Chief Commissioners/ Chief Commissioners of Central Tax and Central Excise All Pr. Commissioners/ Commissioners of Customs/ Customs (Prev.) All Pr. Commissioners/ Commissioners of Central Tax and Central Excise Subject: Clarification regarding bank guarantee requirement for bond executed by EOUs-reg. Madam/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cific reference has been made to EOUs in these norms. 3. The confusion is arising on account of the requirement of EOUs to follow Rule 5 of Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 to be eligible for claiming exemption of duties/ taxes on the import of goods under Notification no. 52/2003 dated 31.03.2003. As the EOUs have already been executing B-17 bond, hence it was c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e, it is reiterated that waiver of bank guarantee/ surety to EOUs would continue to be governed by various circular issued from time to time by CBIC with regard to B-17 bonds executed by EOUs and will not be guided by the Circular no. 48/2017-Customs dated 08.12.2017 which governs the general importers and not the EOUs. 5. Difficulties, if any, may be brought to the notice of the Board. 6. Hindi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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