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Bank Guarantee Percentage for EPCG

Customs - Started By: - kunal umarani - Dated:- 18-9-2016 Last Replied Date:- 28-10-2016 - 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 58/2004 its 15 % but some DGFT licencing authorities imposing preferably 100 % BG on Licence itself My question is if he has endorsed on licence as 100 % ( Preferably ) who .....

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n is fulfilled.But,Many bank provide 100% BG by capping only 15% of your amount. For example, If customs asks for 100000 BG then many bank provide that with only 15,000 actual blocked capital by Bank. It is totally depend on bank & your relations with bank manager. - Reply By kunal umarani - The Reply = Dear Mr Kishan , Thanks for your valuable feedback .. I have one doubt . ? Any circular or notification which mention imposition of 100 % BG Importer is standstill on circular no 58/2004 cust .....

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