| Date: |
19-07-1999
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| Notification No: |
Customs Circular No 46/1999
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
Regarding exemption from Bank Guarantee to manufacturer exporters under DEEC and EPCG Schemes
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Regarding exemption from Bank Guarantee to manufacturer exporters under
DEEC and EPCG Schemes
Circular No. 46 dated 19th July 1999
Attention is
invited to Board's Circular No. 71/ 98-Customs dated 15th September 1998
granting exemption from Bank Guarantee to manufacturer exporters registered with
Central Excise Department subject to conditions specified therein.
2. In
terms of Notification No. 49/ 99-CE(NT) dated 9th July, 1999, manufacturer of
goods chargeable to nil rate of duty and specified in chapters 61 and 62 of the
Schedule I to the Central Excise Tariff Act, 1985 (CETA,1985) have also been
permitted to get registered with the Central Excise Department under Rule 174(I)
of the Central Excise Rule 1944. Hence manufacturer exporters of such goods who
get registered with Central Excise Department would become eligible to avail the
exemption from Bank Guarantee under Board's Circular No. 71/ 98-Cus if they
fulfil the conditions of the said Circular.
3. It
is therefore clarified that manufacture exporters who manufacture goods
specified in Chapter 61 and 62 of CETA, 1985 chargeable to nil rate of Central
Excise duty would also be eligible for exemption from Bank Guarantee in terms of
Board's Circular No. 71/ 98-Cus. If they fulfil the condition of 71/ 98 and get
themselves registered with Central Excise Department.
4. Suitable
standing orders and Public Notice may be issued for the guidance of staff and
for information of the Trade. Copies of the S.O./ P.N. may be forwarded to Joint
Secretary (Drawback) and the DGI, C & CE. New Delhi.
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