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Revised Norms for Execution of Bank Guarantee under Advance Authorisation, DFIA and EPCG Schemes

..... (Drawback Division) 4th Floor, Jeevan Deep Building, Parliament Street, New Delhi Dated 13th September, 2019 To All Principal Chief Commissioners/ Chief Commissioners of Customs/Customs (Preventive)/ Central Tax/Central Excise and All Principal Directors General/Directors General under CBIC Madam/Sir, Subject:- reg. Board is in receipt of references from field formations and inputs from trade and .....

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..... der the AA, DFIA and EPCG Schemes. The said Circular and amending Circular No. 17/2009-Cus dated 25.05.2009 extend exemption from execution of Bank Guarantee based on export turnover, quantum of duty, tax paid etc. 3. In the wake of GST regime, the norms for execution of Bank Guarantee under AA, DFIA and EPCG schemes have been reviewed and the following clarification is given:- (i) Manufacturer ex .....

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..... in the GST regime regarding furnishing of proof of export performance or payment of duty required to be certified by the jurisdictional Superintendent of Central Excise (para 3.2(b) of the said Circular), it has been decided to discontinue the requirement for procurement of such certificate from Central Excise authorities. In other words, in cases where the AA/DFIA/EPCG authorisation holder is a r .....

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..... ircular, as amended from time to time, remain unchanged. A suitable Trade Notice and Standing Order may be issued for the guidance of the trade and staff. Difficulties faced, if any, in implementation of the Circular may be brought to the notice of the Board at an early date. 6. Receipt of the Circular may kindly be acknowledged. (Ravi Kant) OSD (Drawback) Tel: 011 2336 2843 - Circular - Trade Not .....

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