Wait...

Online India Export Import Data Search

Complete Training Video : Click Here

Amendment to Circular No.58/2004-Cus. dated 21.10.2004., Customs Circular No 49/2005, 29-11-2005



Date: 29-11-2005
Notification No: Customs Circular No 49/2005
Issuing Authority: Indian Customs  
Type: Circular
File No:
Subject: Amendment to Circular No.58/2004-Cus. dated 21.10.2004.

Revised Norms for Execution of Bond and Bank Guarantee under Advance Licence and EPCG Schemes � reg.
Kind attention is invited to Circular No.58/2004-Cus. dated 21.10.2004 vide which revised norms for execution of Bond/BG under Advance Licence and EPCG Schemes were notified for the various categories of importers. Subsequently, after announcement of the Annual Supplement to the Foreign Trade Policy 2004-09, vide Circular No.30/2005-Cus. dated 12.7.2005, the quantum of Bank Guarantee in respect of other manufacturer exporters covered under Para 3.1 (f) of Circular No.58/2004-Cus. was reduced from 25% to 15% and units in Agri Export Zones (AEZs) were also made eligible for the said Bank Guarantee of 15%. It was also clarified that the facility of 15% Bank Guarantee has also been extended to established service providers who have free foreign exchange earnings of Rs.50 lakhs or more during the preceding financial year and have a clean track record.

2. In recent months it has been brought to the notice of the Ministry by the trade that the service providers operating in the port handling sector, who are appointed as custodians by the jurisdictional Customs authorities, are required to import port handling equipments in bulk so as to develop the infrastructure. And, if such service providers are not a star export house and if they do not have any past foreign exchange earnings, at present they are required to give 100% Bank Guarantee for importing capital goods under EPCG Scheme which increases the transaction cost.

3. On examination of their request in the Ministry, it has been decided that service providers in the port handling sector who are appointed as Custodians by the jurisdictional Customs/Central Excise authorities shall be eligible for 25% Bank Guarantee for importing capital goods under EPCG Scheme. Circular No.58/2004-Cus. dated 21.10.2004 stands modified to this effect.

4. 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.

5. Receipt of the Circular may kindly be acknowledged.

Yours faithfully,

Sd/-
(R.K. TALAJIA)
O.S.D. (DBK)

F.NO.607/08/2005-DBK



				
       

DO YOU NEED HELP?







Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 10-02-2017
DGFT Public Notice No. 58/2015-2020
Amendment in Paragraph 3.06 of Handbook of Procedures 2015-20

Date: 08-02-2017
Customs Notification No. 10/2017 (NT)
Empowering the Principal Commissioner with the powers of Chief Commissioner

Date: 08-02-2017
Instruction
Passing of order under Section 110 of the Customs Act, 1962 – reg

Date: 07-02-2017
Notification No. 06/2017-Customs (ADD)
Seeks to extend the levy of anti-dumping duty, imposed on Cold Rolled Flat Products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP and Ukraine vide notification No. 45/2016-Customs (ADD), dated the 17.08.2016, for a further period of two months.

Date: 07-02-2017
Notification No. 05/2017-Customs (ADD)
Seeks to extend the levy of anti-dumping duty, imposed on Hot Rolled products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP, Russia, Brazil and Indonesia, vide notification No. 44/2016-Customs (ADD), dated the 08.08.2016, for a further period of two months.

Date: 06-02-2017
DGFT Public Notice No. 56/2015-2020
Addition of new sub para 5.03(c)(i) and (ii) and amendment in sub para 5.10(d)(ii) of Handbook of Procedures 2015-20

Date: 02-02-2017
RBI/2016-17/221 A.P. (DIR Series) Circular No. 30
Risk Management and Inter-bank Dealings: Permitting Non Resident Indians (NRIs) access to Exchange Traded Currency Derivatives (ETCD) market

Date: 02-02-2017
RBI/2016-17/220 A.P. (DIR Series) Circular No. 29
Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999

Date: 02-02-2017
Service Tax Circular No. 203/1/2017–ST
Mentioning of Minor head code of Refund

Date: 02-02-2017
Customs Notification No. 06/2017
Seeks to further amend Notification No. 12/2012-Customs, dated the 17.3.2012 so as to carry out Budgetary changes. Details are contained in Joint Secretary (TRU – I) DO letter dated 31.1.2017.



Exim Guru Copyright © 1999-2017 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001