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Norms for Execution of Bank Guarantee in respect of Advance Authorization/Duty Free Import Authorization (DFIA)/Export Promotion Capital Goods (EPCG) Schemes - Regarding. - Customs - 6/2011

Extract

..... arding. The undersigned is directed to invite your attention to Circular No. 58/2004-Cus., dated 21-10-2004 [on the above subject as amended by Circular Nos. 17/2009-Cus., dated 25-5-2009 and 32/2009-Cus., dated 25-11-2009 and to state that references have been received with reference to para 3.2(c) of the Circular No. 58/2004-Cus., dated 21-10-2004. Para 3.2(c) of the said Circular, inter alia, stipulates that exemption from Bank Guarantee contemplated therein will not be available in case the .....

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Norms for Execution of Bank Guarantee in respect of Advance Authorization/Duty Free Import Authorization (DFIA)/Export Promotion Capital Goods (EPCG) Schemes - Regarding. - Customs

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..... the previous three financial years : (a) Cases of duty evasion involving mis-declaration/mis-statement/ collusion/willful suppression/fraudulent intent whether or not extended period for issue of Show Cause Notice (SCN) has been invoked. (b) Cases of misdeclaration and/or clandestine/unauthorized removal of excisable/import/export goods warranting confiscation of said goods. (c) Cases of misdeclaration/mis-statement/collusion/willful supp-ression/fraudulent intent aimed at availing CENVAT credi .....

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Norms for Execution of Bank Guarantee in respect of Advance Authorization/Duty Free Import Authorization (DFIA)/Export Promotion Capital Goods (EPCG) Schemes - Regarding. - Customs

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..... lation) Act, 1992 and the Service Tax (Finance Act, 1994). In case the details reveal violation(s) of the type mentioned above under the provisions of the above mentioned Acts then the benefit of Circular No. 58/2004-Cus. will not be extended. The Commissioners shall ensure that some of the affidavits furnished are cross checked randomly with the field formations for their veracity. 5. These instructions may be brought to the notice of the trade/exporters by issuing suitable Trade/Public No .....

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Norms for Execution of Bank Guarantee in respect of Advance Authorization/Duty Free Import Authorization (DFIA)/Export Promotion Capital Goods (EPCG) Schemes - Regarding. - Customs

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