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TMI BlogRevised Norms for Execution of Bank Guarantee under Advance Authorisation, DFIA and EPCG SchemesX X X X Extracts X X X X X X X X Extracts X X X X ..... 2019 Subject:- Revised Norms for Execution of Bank Guarantee under Advance Authorisation, DFIA and EPCG Schemes reg. Attention of all the Importers, Trade and Stake holders is drawn to the CBIC Circular 31/2019 dated 13.09.2019. Board is in receipt of references from field formations and inputs from trade and industry seeking clarification as to what should be the bas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chemes. The said Circular and amending Circular No. 17/2009-Cus dated 25.052009 extend exemption from execution of Bank Guarantee based on export turnover, quantum of duty, tax paid etc. 3. In the wake of GST regime, the norms for execution of Bank Guarantee under AA, DFIA and EPCG schemes have been reviewed and the following clarification is given:- (i) Manufacturer ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o avoid difficulties in the GST regime regarding furnishing of proof of export performance or payment of duty required to be certified by the jurisdictional Superintendent of Central Excise (para 3.2(b) of the said Circular), it has been decided to discontinue the requirement for procurement of such certificate from Central Excise authorities. In other words, in cases where the AA/DFIA/EPCG author ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The other provisions of the said Circular, as amended from time to time, remain unchanged. Difficulties faced, if any, in implementation of the Public Notice may be brought to the notice of the Assistant/ Deputy Commissioner (Appg, Group). 6. Action to be taken in terms of decisions taken in this Public Notice should be considered as Standing Order' for the purpose of officers an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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