News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Circulars »
 RBI tells banks to not send agents to do KYC for retail loans, credit cards
  Auction of State Government Securities
 Reserve Bank of India imposes monetary penalty on SBM Bank (India) Ltd.
 Conversion of Government of India (GoI)’s Securities
  Director for Institute for Development and Research in Banking Technology (IDRBT)
  RBI-Auction of State Government Securities Oct 17, 2019
 RBI-On-tap Authorisation of Payment Systems
 Director for Institute for Development and Research in Banking Technology (IDRBT)
 Auction of Government of India Dated Securities October 14, 2019
 RBI Central Board meets at Chandigarh
 Revision in Proforma and Reporting of Bank / Branch details under the Central Information System for Banking Infrastructure (CISBI)

Customs Circular No. 40/2010
November, 08th 2010

Circular No. 40/2010 - Customs

F.No.605/91/2009-DBK

Government of India

Ministry of Finance

Department of Revenue

Central Board of Excise & Custom

*****

New Delhi, the 28th October, 2010

To                                                                      

All Chief Commissioners of Customs

All Chief Commissioners of Customs & Central Excise/ Central Excise

All Director Generals under CBEC,

All Commissioners of Customs, Customs (Preventive)

All Commissioners of Customs & Central Excise/ Central Excise

The Chief Departmental Representative of Customs, Excise & Service Tax Appellate Tribunal.

Sir/Madam,

Sub: Revised Form of Bond to be furnished for availing duty exemption under Advance License and EPCG Schemes reg.  

  I am directed to invite attention to the Boards circular No.58/2004-Cus dated 21.10.2004 which prescribes form of bond to be furnished for availing duty exemption under Advance License and EPCG Schemes. Condition 1 of the prescribed form of bond reads as under:

 1. I / we, the obligor(s) shall observe all the terms and conditions of the said notification.

2. The benefit of zero duty EPCG scheme which is governed by notification Nos. 101/09-Cus and 102/09-Cus both dated 11.09.09 is subject to the condition that the importer should not have been issued in the year of issuance of zero duty EPCG authorization, the duty credit scrips under SHIS scheme. Since there are conditions in the EPCG notification which an authorization holder should fulfil at the time of import for being eligible for duty exemption, it has been decided to change condition 1 of the prescribed form of bond as under:

 1. I/we, the obligor(s) fulfil all the conditions of the said notification and shall observe and comply with all its terms and conditions.

 3. A suitable Public Notice for information of the Trade and Standing Order for guidance of the staff may be issued. Difficulties faced, if any in implementation of this circular may be brought to the notice of the Board.

Kindly acknowledge receipt of this Circular.

(Pramod Kumar)
Technical Officer (DBK)

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions