EPCG Scheme- Merchant exporters and supporting manf. to jointly discharge the bond and bank guarantee

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..... in the revised edition of the Exim Policy published on 25th Mar. '96. Notification No. 110/95-Customs dated the 5th June, 1995 relating to 15% EPCG Scheme and notification No. 111/95-Customs dated the 5th June, 1995 relating to zero duty E.P.C.G. Scheme have been respectively amended by notifications No. 31/96-Customs and 32/96-Customs both dated 17th June, 1996. Copes of the amending notificat .....

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..... ho are issued EPCG licence by the Licencing authority. The eligibility is subject to the conditions that capital goods shall be installed in the factory of supporting manufacturer whose name and address is endorsed on the EPCG Licence and a bond for full difference of duty with 100% Bank Guarantee is executed by the merchant exporter and his supporting manufacturer binding themselves jointly and s .....

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