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

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....3th 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:- Revised Norms for Execution of Bank Guarantee under Advance Authorisation, DFIA and EPCG Schemes - reg. Board is in receipt of references from field formations and inputs ....

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.... imports made under 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:- (....

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.... avoid difficulties 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 authori....