Clarification regarding bank guarantee requirement for bond executed by EOUs-reg.

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..... ew Delhi, Dated: 14th August, 2018 To, All Pr. Chief Commissioners/ Chief Commissioners of Customs/ Customs (Prev.) All Pr. Chief Commissioners/ Chief Commissioners of Central Tax and Central Excise All Pr. Commissioners/ Commissioners of Customs/ Customs (Prev.) All Pr. Commissioners/ Commissioners of Central Tax and Central Excise Subject: Clarification regarding bank guarant .....

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..... toms (import of goods at concessional rate of duty) Rules, 2017 . No specific reference has been made to EOUs in these norms. 3. The confusion is arising on account of the requirement of EOUs to follow Rule 5 of Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 to be eligible for claiming exemption of duties/ taxes on the import of goods under Notification no. 52/2003 date .....

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..... onditions for EOUs to be exempted from furnishing of bank guarantee. 4. In view of above, it is reiterated that waiver of bank guarantee/ surety to EOUs would continue to be governed by various circular issued from time to time by CBIC with regard to B-17 bonds executed by EOUs and will not be guided by the Circular no. 48/2017-Customs dated 08.12.2017 which governs the general importers and .....

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