Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
 
 
Discussions Forum
Home Forum Customs - Import - Export - Customs - SEZ This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Bank Guarantee Percentage for EPCG, Customs - Import - Export - Customs - SEZ

Issue Id: - 113463
Dated: 7-3-2018
By:- PANKAJ MAHESHWARI
Bank Guarantee Percentage for EPCG

  • Contents

Sir,

What would be the bank guarantee percentage customs may impose for EPCG if importer in new but registered with excise as well as having permanent excise registration also SSI and RCMC as Manufacturer Exporter

As per Board circular 48/2017cs its 5 % and 25% imposing BG on Licence itself

My question is that 5% and 25% BG applicable on EPCG scheme or Advance authorisation scheme

what are the relevant judgments or circular or public notice for the BG on EPCG scheme and advance authorisation scheme

Customs now started arguing that if such endorsement is there we will take 100 % BG and 15% BG

Pl refer pune DGFT Trade Notice No. 15/AM16 dated 09.06.2016 and Policy Circular No. 35(RE-2000)/2000-2001 Dated: 19th December, 2000

Awaiting reply

Post Reply

Posts / Replies

Showing Replies 1 to 1 of 1 Records

1 Dated: 12-3-2018
By:- Kishan Barai

BG for new exporter would be 100% in case of EPCG, if imported by Authorized economic operator then you would get concession based on tire 1,2 or 3. But you can approach the bank, in many cases, i have seen bank provide 100% BG for EPCG by holding your only 15% of the amount in the bank. It's possible


1

Post Reply

← Previous Next →
Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.