Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Latest Cases

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
D. Forum
What's New


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 value, Customs - Import - Export - Customs - SEZ

Issue Id: - 114616
Dated: 12-2-2019
By:- simran oberoi
bank guarantee value

  • Contents

I need to import 2nd machine for which i am applying EPCG. how much is the bank guarantee i have to provide to customs for clearing the machine .

note :- i am not registered with Central excise an company is formed on 6 june 2016 (after GST )

already exported around 35 lac in 8 months .( only exports). since first machine cleared under 100 percent bank guarantee till now.

we are manufacturer exporter and not third party exporter.

Thanks for your help

Post Reply

Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 12-2-2019

It will be decided by the Authority concerned considering the value of the machine and other factors.

2 Dated: 12-2-2019
By:- simran oberoi

dear Sir .

The value of he machine is approximately INR:- 1,21,40000.

The total IGST :- 18 percent and approximately customs :- 9 percent .

If the EPCG is issued with both considering IGST and customs i.e 27 percent .

The Bank guarantee amount will be either 100 percent of 27 percent or 15 percent of 27 percent

We are already manufacturer exporter but do not have central excise number and are exporting since last 9 months only .

3 Dated: 18-3-2019
By:- raghunandhaanan r vi


Import of Second hand capital goods not allowed under EPCG Scheme

as per Appendix 5F of Handbook Procedure - Vol 1


Post Reply

← Previous Next →

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

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map || ||