[TO BE PUBLISHED IN
\nTHE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (i)]<\/p>\n

GOVERNMENT OF INDIA
\nMINISTRY OF FINANCE
\n(DEPARTMENT OF REVENUE)<\/p>\n

Notification No. 16\/ 2015 \u2013 Customs<\/strong><\/p>\n

New Delhi, the 1^{st<\/sup>
\nApril, 2015.<\/p>\n}

G.S.R.
\n252 (E) – <\/strong>In exercise of the powers conferred by sub-section (1) of
\nsection 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being
\nsatisfied that it is necessary in the public interest so to do, hereby exempts
\ngoods specified in the Table 1 annexed hereto, from,-<\/p>\n

 <\/p>\n

(i)            
\nthe whole of the duty of
\ncustoms leviable thereon under the First Schedule to the Customs Tariff
\nAct, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), <\/strong>and<\/p>\n

 <\/p>\n

(ii)           
\nthe whole of the additional duty leviable thereon under section
\n3 of the said Customs Tariff Act, when specifically claimed by the importer.<\/p>\n

 <\/p>\n

2.        
\nThe exemption under this notification shall be subject to the following
\nconditions, namely:-<\/p>\n

(1)  that the goods imported are covered by a
\nvalid authorisation issued under the Export Promotion Capital Goods (EPCG)
\nScheme in terms of Chapter 5 of the Foreign Trade Policy permitting import of
\ngoods at zero customs duty; <\/p>\n

(2)  that the authorisation is registered
\nat the port of import specified in the said authorisation and the goods, which
\nare specified in the Table 1 annexed hereto, are imported within validity of
\nthe said authorisation and the said authorisation is
\nproduced for debit by the proper officer of customs at the time of clearance:  \n<\/p>\n

Provided
\nthat the goods imported should not fall under clause (f) of paragraph 5.01 of
\nForeign Trade Policy:<\/p>\n

Provided
\nfurther that the catalyst for one subsequent charge shall be allowed, under the
\nauthorisation in which plant, machinery or equipment and catalyst for initial
\ncharge have been imported, except in cases where the Regional Authority issues
\na separate authorisation for catalyst for one subsequent charge after the
\nplant, machinery or equipment and catalyst for initial charge have already been
\nimported; <\/p>\n

(3)  that the  importer is not issued, in
\nthe year of issuance of zero duty EPCG authorisation, the duty credit scrips
\nunder the erstwhile Status Holder Incentive Scrip (SHIS) scheme. In the case of
\napplicant who is Common Service Provider (herein after referred as CSP), the
\nCSP or any of its specific users should not be issued, in the year of issuance
\nof the zero duty EPCG authorisation, the duty credit scrips under SHIS. This
\ncondition shall not apply where already availed SHIS benefit that is unutilised
\nis surrendered or where benefits availed under SHIS that is utilised is
\nrefunded, with applicable interest, before issue of the zero duty EPCG
\nauthorisation. SHIS scrips which are surrendered or benefit refunded or not issued
\nin a particular year for the reason the authorisation has been issued in that
\nyear shall not be issued in future years also;<\/p>\n

(4)
\n that the goods imported shall not be
\ndisposed of or transferred by sale or lease or any other manner till export
\nobligation is complete;<\/p>\n

(5)
\n that the importer executes a bond in such
\nform and for such sum and with such surety or security as may be specified by
\nthe Deputy Commissioner of Customs or Assistant Commissioner of Customs binding
\nhimself to comply with all the conditions of this notification as well as to
\nfulfill export obligation on Free on Board (FOB) basis equivalent to six times
\nthe duty saved on the goods imported as may be specified on the authorisation,
\nor for such higher sum <\/em><\/strong>as may be fixed or endorsed by the
\nRegional Authority in terms of Para 5.16  <\/em><\/strong>of
\nthe Handbook of Procedures,  within a
\nperiod of six years from the date of issue of Authorisation, in the following
\nproportions, namely :-<\/p>\n

 <\/em><\/strong><\/p>\n\n\n\n\n\n\n

\n S. No.<\/strong><\/p>\n<\/td>\n	\n Period from the \n date of issue of Authorisation<\/strong><\/p>\n<\/td>\n	\n Proportion of total \n export obligation<\/strong><\/p>\n<\/td>\n<\/tr>\n
\n (1)<\/p>\n<\/td>\n	\n (2)<\/p>\n<\/td>\n	\n (3)<\/p>\n<\/td>\n<\/tr>\n
\n 1.<\/p>\n<\/td>\n	\n Block of 1st<\/sup> to 4th<\/sup> year<\/p>\n<\/td>\n	\n Minimum <\/em><\/strong>50%<\/p>\n<\/td>\n<\/tr>\n
\n 2.<\/p>\n<\/td>\n	\n Block of 5th<\/sup> and  6th<\/sup> year<\/p>\n<\/td>\n	\n Balance <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n  <\/p>\n Provided \nthat in case the authorisation is issued to a CSP, the CSP shall execute the \nbond with bank guarantee and the bank guarantee shall be equivalent to 100% of \nthe duty foregone, and the bank guarantee shall be given by CSP or by anyone of \nthe users or a combination thereof, at the option of the CSP: <\/p>\n  <\/p>\n Provided \nfurther that the export obligation shall be 75% of the normal export obligation \nspecified  above when fulfilled by export of following green \ntechnology products, namely, equipment for solar energy decentralised and grid \nconnected products, bio-mass gassifier, bio-mass or waste boiler, vapour \nabsorption chillers, waste heat boiler, waste heat recovery units, unfired heat \nrecovery steam generators, wind turbine, solar collector and parts thereof, water \ntreatment plants, wind mill and wind mill turbine or engine, other generating \nsets – wind powered, electrically operated vehicles \u2013 motor cars, electrically \noperated vehicles \u2013 lorries and  trucks, electrically operated \nvehicles \u2013 motor cycle and  mopeds, and solar cells:<\/p>\n Provided \nalso that for units located in Arunachal Pradesh, Assam, Jammu and \nKashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura, the export \nobligation shall be 25% of the normal export obligation specified above:<\/p>\n Provided \nalso that where a sick unit holding  EPCG \nauthorisation is notified by the Board for Industrial and Financial \nReconstruction (BIFR) or where a rehabilitation scheme is announced by the \nconcerned State Government in respect of sick unit holding  EPCG authorisation for its revival, the \nexport obligation may be fulfilled within time period allowed by the \nRegional Authority as per the rehabilitation package prepared by the operating \nagency and approved by BIFR or rehabilitation department of State Government. \nIn cases where the time period is not specified in the rehabilitation package, \nthe export obligation may be fulfilled within the period specified in \nparagraph 5.05 of the Foreign Trade Policy;<\/p>\n (6) \n that if the importer does not claim \nexemption from the additional duty leviable under section 3 of the Customs \nTariff Act, 1975, the additional duty so paid by him shall not be taken for \ncomputation of the net duty saved for the purpose of fixation of export \nobligation provided the Cenvat credit of additional duty paid has not been \ntaken;<\/p>\n (7) \n that the importer,  including a CSP, produces within 30 days from \nthe expiry of each block from the date of issue of authorisation or within such \nextended period as the Deputy Commissioner of Customs or Assistant Commissioner \nof Customs may allow, evidence to the satisfaction of the Deputy Commissioner \nof Customs or Assistant Commissioner of Customs showing the extent of export \nobligation fulfilled, and where the export obligation of any particular block \nis not fulfilled in terms of the condition (5), the importer shall within three \nmonths from the expiry of the said block pay duties of customs equal to an \namount which bears the same proportion to the duties leviable on the goods, but \nfor the exemption contained herein, which the unfulfilled portion of the export \nobligation bears to the total export obligation, together with interest at the \nrate of fifteen per cent. per annum from the date of clearance of the goods;<\/p>\n (8) <\/em>that \nwhere the importer fulfills 75% or more of the export obligation as specified \nin condition (5) [over and above 100% of the average export obligation] \nwithin half of the period specified for export obligation as mentioned in \ncondition (5), his balance export obligation shall be condoned and he \nshall be treated to have fulfilled the entire export obligation;<\/em><\/p>\n (9)  that the capital goods imported, assembled or \nmanufactured,  are installed  and put to use, after their import, in the \nimporter\u2019s  factory or premises anda certificate from the jurisdictional Deputy \nCommissioner of Central Excise or Assistant Commissioner of Central Excise or \nfrom an independent Chartered Engineer, <\/em><\/strong>is produced within a period of six \nmonths from the date of completion of imports before the Deputy Commissioner of \nCustoms or Assistant  Commissioner of \nCustoms at the port of import confirming  \nsuch installation and use of the capital goods in the importer\u2019s<\/em><\/strong>factory or premises:<\/p>\n Provided \nthat where the Regional Authority grants extension of the said period beyond \nsix months from the date of completion of imports, the said overall period \nshall be extended by the Deputy Commissioner of Customs or Assistant \nCommissioner of Customs as the case may be: <\/p>\n Provided further that an importer \n(including an importer who is a CSP) registered with the Central Excise opting \nfor the independent Chartered Engineer\u2019s certificate shall send a copy of the \ncertificate, upon its issuance, to the jurisdictional Deputy Commissioner of \nCentral Excise or Assistant Commissioner of Central Excise, as the case may be, \nas intimation or record:<\/p>\n  <\/p>\n Provided also that in \ncase of import of spares, the installation certificate shall be produced within \nthree years from the date of import:<\/em><\/p>\n  <\/p>\n Provided also that in the case of \nmanufacturer exporter and merchant exporter having supporting manufacturer(s) \nor in the case of import of irrigation equipment for use in contract farming \nfor export of agricultural products or in the case of importer rendering \nservices, the capital goods may be installed at the factory or premises of such \nother person whose name and address is endorsed, prior to installation, by the \nRegional Authority on the authorisation referred to in condition (1). This \nwould apply even when Regional Authority endorses a change in the factory or \npremises or person. The name and address of such other person shall also be \nmentioned on the relevant shipping bills. This shall not apply to a CSP:<\/p>\n  <\/p>\n Provided also that agro units \nlocated in Agri Export Zones or service providers in Agri \nExport Zones may move the capital goods within the Agri \nExport Zones under intimation to the jurisdictional Deputy Commissioner of \nCentral Excise or Assistant Commissioner of Central Excise, as the case may be, \nsubject to the condition that the importer shall maintain accurate record of \nsuch movement;<\/p>\n  <\/p>\n  (10)            that the \nimports and exports are undertaken through the seaports, airports or through \nthe inland container depots or through the land customs stations as mentioned \nin the Table 2 annexed hereto or a Special Economic Zone notified under \nsection 4 of the Special Economic Zones Act, 2005 (28 of 2005):<\/p>\n  <\/p>\n Provided \nthat the Commissioner of Customs may, by special order or a public notice and \nsubject to such conditions as may be specified by him, permit import and export \nthrough any other sea-port, airport, inland container depot or through <\/strike>a \nland customs station within his jurisdiction;<\/p>\n (11)             that \nnotwithstanding anything contained in condition (5) above, \nwhere the Regional Authority grants extension of block-wise period for any \nblock(s) or overall period of fulfillment of export obligation up to a period \nof two years or regularization of shortfall in export obligation, not exceeding \nfive percent of such export obligation, the said block-wise period or overall \nperiod of export obligation shall be extended or condoned by the Deputy \nCommissioner of Customs or Assistant Commissioner of Customs, as the case may \nbe:<\/p>\n Provided \nthat in respect of sick units referred to in the fourth proviso to condition \n(5) above, extension of overall period of export obligation shall not be \nallowed.<\/p>\n 3.         Where the goods specified in the Table \n1 are found defective or unfit for use, the said goods may be re-exported back \nto the foreign supplier within three years from date of clearance of said \ngoods: <\/em><\/strong><\/p>\n Provided \nthat at the time of re-export, the goods are identified to the satisfaction of \nthe Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the \ncase may be, to be the same as the goods which were imported.<\/p>\n Explanation<\/strong> \u2013 \nFor the purpose of this notification,-<\/p>\n  <\/p>\n (A) \n\u201cCapital goods\u201d has the same meaning as assigned to it in paragraph 9.08 of the Foreign Trade Policy;<\/p>\n  <\/p>\n (B) \u201cCommon Service Provider\u201d (CSP) \nmeans a service provider who is designated or certified as a Common Service \nProvider by the Director General of Foreign Trade, Department of Commerce or \nState Industrial Infrastructural Corporation in a Town of Export Excellence; <\/p>\n (C) \u201cExport \nobligation\u201d,-<\/p>\n  <\/p>\n (I)     \nmeans \nobligation on the importer to export to a place outside India, goods \nmanufactured or capable of being manufactured or services rendered by the use \nof capital goods imported in terms of this notification  and the export obligation shall be over and \nabove the average level of exports achieved by the importer in the preceding \nthree licensing years for the same and similar products within the overall \nexport obligation period including the extended period, if any and such average \nshall be the arithmetic mean of export performance in the last three years for \nthe same and similar products:<\/p>\n  <\/p>\n Provided that in case \nof export of goods relating to handicraft, handlooms, cottage, tiny sector, \nagriculture, animal husbandry, floriculture, horticulture, pisciculture, \nviticulture, poultry, sericulture, carpet, coir and jute, the importer shall \nnot be required to maintain the average level of exports:<\/p>\n  <\/p>\n Provided also that in \ncase of export of goods relating to aquaculture (including fisheries), the \nimporter shall not be required to maintain the average level of exports subject \nto the condition that EPCG authorisation has been obtained for goods other than \nfishing trawlers, boats, ships and other similar items:<\/p>\n  <\/p>\n Provided also that \nthe goods, excepting tools, imported under this notification by the aforesaid \nsectors, shall not be allowed to be transferred for a period of five years from \nthe date of imports even in cases where export obligation has been fulfilled: <\/p>\n  <\/p>\n Provided also that \nexports made to such countries as notified by Director General of Foreign \nTrade, shall not be counted for fixing the average level of exports: <\/p>\n  <\/p>\n Provided also that \nexports against only such shipping bills which mention the authorisation number \nand date of the authorisation shall be counted for the fulfillment of the \nexport obligation: <\/p>\n  <\/p>\n Provided also that in \nthe case of authorisation issued to a CSP, –<\/p>\n (i)             \nthe reference to \u2018importer\u2019 in this \nExplanation shall be taken to mean a reference to \u2018CSP and specific users whose details are informed \nprior to export by CSP to the Regional Authority\u2019; <\/p>\n  <\/p>\n (ii)            \nfor the exports by users \nof the common service to be counted towards fulfilment of export obligation of \nCSP, the respective shipping bills of the users of common service shall contain \nthe authorisation details of the CSP and the concerned Regional Authority shall \nbe informed about the details of the users prior to such export; and <\/p>\n  <\/p>\n (iii)           \nthe exports counted against the \nauthorisation in terms of this notification shall not be counted towards \nfulfillment of specific export obligations against all other authorisations issued to<\/em><\/strong>the CSP or user <\/em><\/strong>under Chapter 5 of the Foreign Trade Policy, including para 5.28 of \nHandbook of Procedures;<\/p>\n  <\/strong><\/p>\n (II)    \nshall be fulfilled through physical exports and the export \nproceeds realised in freely convertible currency. However, the following \ncategories of supplies, shall also be counted towards fulfillment of export \nobligation:<\/p>\n  <\/p>\n (a)           \ndeemed exports, namely:<\/p>\n  <\/p>\n  (i) supply of goods against Advance \nAuthorisation or Advance Authorisation for annual requirement or Duty Free \nImport Authorisation Scheme;<\/p>\n (ii) supply \nof goods to Export Oriented Units or Software Technology Parks or Electronic \nHardware Technology Parks or Biotechnology Park;<\/p>\n  <\/p>\n  (iii) supply of goods to projects financed by \nmultilateral or bilateral agencies or funds as notified by Department of Economic Affairs, Ministry of Finance <\/strong>under International Competitive \nBidding (ICB) in accordance with the procedures of those agencies or funds, \nwhere legalagreements \nprovide for tender evaluation without including customs duty;<\/p>\n (iv) \nsupply and installation of goods and equipment (single responsibility of \nturnkey contracts) to projects financed by multilateral or bilateral agencies \nor funds as \nnotified by Department of Economic Affairs, Ministry of Finance <\/em><\/strong>under \nICB in accordance with the procedures of those agencies or funds, where bids \nmay have been invited and evaluated on the basis of Delivered Duty Paid (DDP) \nprices for goods manufactured abroad;<\/p>\n \n (v) supply of goods to any project or \npurpose in respect of which the Ministry of Finance, by Notification No. 12\/2012-Customs \ndated 17-3-2012, as <\/em><\/strong>amended from time to time, permits import of such goods at \nzero customs duty subject to conditions specified in the said Notification and \nthe supply is made under ICB procedure; <\/p>\n (vi) supply of goods required for \nsetting up of any of the mega power projects specified in the list 32A at Sl. \nNo. 507 of Notification No. 12\/2012- Customs dated 17.03.2012, as amended from \ntime to time, provided the mega power project conforms to the threshold \ngeneration capacity specified in the  \nsaid Notification. The supply should be made under ICB procedure. The \nICB condition shall not be mandatory if the requisite quantum of power has been \ntied up through tariff based competitive bidding or if the project has been \nawarded through tariff based competitive bidding; <\/p>\n  <\/p>\n  <\/p>\n (vii) Supply of goods to nuclear power projects through \nNational Competitive Bidding (NCB) or through ICB as provided in clause(h) of \npara 7.02 of Foreign Trade Policy:<\/p>\n              <\/p>\n (b)        <\/strong>supply \nof ITA-1 items to Domestic Tariff Area, provided realization is in free foreign \nexchange; <\/p>\n  <\/p>\n (c) royalty payments \nreceived in freely convertible currency and foreign exchange received for \nResearch and Development (R&D) services; and <\/p>\n  <\/strong><\/p>\n (d) payments received in Rupee terms for such services as \nare specified in paragraph 5.04(h) of the Foreign Trade Policy. <\/p>\n  <\/p>\n (D) \n“Foreign Trade Policy” means the Foreign Trade Policy, 2015-2020, \npublished by the Government of India in the Ministry of Commerce and Industry \nvide notification \nNo.   01\/2015-2020, dated the 1st<\/sup> April \n2015 as amended from time to time;<\/p>\n (E) \u201cHandbook of Procedures\u201d means \nthe Handbook of Procedures 2015-20 published by the Government of India in the \nMinistry of Commerce and Industry vide public notice No. 01\/2015-2020, dated the 1st<\/sup> April 2015 as amended \nfrom time to time; <\/p>\n  <\/p>\n  (F)       \u201cManufacture\u201d \nhas the same meaning as defined in clause (f) of section 2 of the Central \nExcise Act, 1944 (1 of 1944);<\/p>\n (G)        \u201cRegional \nAuthority\u201d means the Director General of Foreign Trade appointed under section \n6 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or \nan officer authorised by him to grant an authorisation including a duty credit \nscrip under the said Act.<\/p>\n Table 1<\/strong><\/p>\n\n\n\n\n\n\n\n\n \n S. \n No.<\/strong><\/p>\n<\/td>\n \n Description \n of goods<\/strong><\/p>\n<\/td>\n<\/tr>\n \n (1)<\/strong><\/p>\n<\/td>\n \n (2)<\/strong><\/p>\n<\/td>\n<\/tr>\n \n 1.<\/p>\n<\/td>\n \n Capital goods for \n pre-production, production and post-production<\/p>\n<\/td>\n<\/tr>\n \n 2.<\/p>\n<\/td>\n \n Capital goods in \n Semi Knocked Down (SKD) \/ Completely Knocked Down (CKD) conditions to be \n assembled into capital goods by the importer <\/p>\n<\/td>\n<\/tr>\n \n 3.<\/p>\n<\/td>\n \n Spareparts of goods specified at Serial Nos.1 and 2 as \n actually imported and required for maintenance of capital goods so imported, \n assembled, or manufactured<\/p>\n<\/td>\n<\/tr>\n \n 4.<\/p>\n<\/td>\n \n Spare parts \n required for the existing plant and machinery of the importer<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n  <\/p>\n Table 2<\/strong><\/p>\n  <\/strong><\/p>\n\n\n\n\n\n\n\n \n S.No.<\/strong><\/p>\n<\/td>\n \n Port, ICD, LCS<\/strong><\/p>\n<\/td>\n \n Located at<\/strong><\/p>\n<\/td>\n<\/tr>\n \n 1.<\/p>\n<\/td>\n \n Seaports<\/p>\n<\/td>\n \n Bedi (including Rozi-Jamnagar), \n Chennai, Cochin, Dahej, \n Dharamtar, \n Haldia \n (Haldia \n Dock complex of Kolkata port), Kakinada, Kandla,  \n Kattupalli \n (Tamil Nadu),  Kolkata, Krishnapatnam, Ennore (Tamil Nadu), Karaikal (Union territory \n of Puducherry), \n Magdalla, \n Mangalore, Marmagoa, \n Muldwarka, \n Mumbai, Mundra, \n Nagapattinam, \n NhavaSheva, Okha, Paradeep, Pipavav, Porbander, Sikka, Tuticorin, Visakhapatnam and \n Vadinar.\n <\/p>\n<\/td>\n<\/tr>\n \n 2.<\/p>\n<\/td>\n \n Airports<\/p>\n<\/td>\n \n Ahmedabad, \n Bengaluru, Bhubaneswar, Calicut, Chennai, Cochin, Coimbatore, Dabolim (Goa), Delhi, \n Hyderabad, Indore, Jaipur, Kolkata, Lucknow (Amausi), Mumbai, Nagpur, Rajasansi (Amritsar), \n Srinagar, Trivandrum, Varanasi and Visakhapatnam.<\/p>\n<\/td>\n<\/tr>\n \n 3.<\/p>\n<\/td>\n \n Inland Container \n Depots<\/p>\n<\/td>\n \n Agra, Ahmedabad, Anaparthy (Andhra Pradesh), Melpakkam Village (Arakkonam \n Taluk, Vellore \n District), Babarpur, Bengaluru, Bhadohi, Bhatinda, Bhilwara, Bhiwadi, Bhusawal, Chettipalayam (Tamil Nadu), Chheharata (Amritsar), \n Coimbatore, Dadri, Dappar (DeraBassi), Daulatabad (Wanjarwadi and Maliwada), Delhi, Dhannad Rau (District \n Indore), Dighi (Pune), Durgapur \n (Export Promotion Industrial Park), Faridabad, GarhiHarsaru, Gauhati, Guntur, \n Hyderabad, Irugur Village (Tamil \n Nadu), Irungattukottai (SIPCOT Industrial Park, Kattrambakkam Village, SriperumbudurTaluk, Kanchipuram District, Tamil Nadu), Jaipur, Jallandhar, Jamshedpur, \n Jodhpur, Kanpur, Karur, Kheda (Pithampur, District Dhar), Kota, Kundli, Loni (District Ghaziabad), Ludhiana, \n Madurai, Malanpur, Mandideep (District Raisen), Marripalem Village (in Edlapadu Taluk of District Guntur), Miraj, Moradabad, Nagpur, Nasik, Patli (Gurgaon), Pimpri (Pune), Pitampur (Indore), \n Pondicherry, Raipur, Rewari, Rudrapur (Nainital), Salem, Singanalur, Surat, Surajpur, Talegaon (District Pune), Thudiyalur (Tamil Nadu), Tirupur, Tondiarpet (TNPM) \n in Chennai, Tuticorin, Udaipur, \n Vadodara, Varanasi, Veerapandi (Tamil Nadu) and Waluj (Aurangabad). <\/p>\n<\/td>\n<\/tr>\n \n 4.<\/p>\n<\/td>\n \n Land Customs \n Stations<\/p>\n<\/td>\n \n Agartala, Amritsar Rail \n Cargo, Attari Road, Changrabandha, Dawki, Ghojadanga, Hilli, Jogbani, Mahadipur, Nepalganj Road, Nautanva (Sonauli), Petrapole, Ranaghat, Raxaul, Singhabad and Sutarkhandi. <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n  <\/p>\n [F.No.605\/55\/2014-DBK]<\/p>\n  <\/p>\n (Sanjay Kumar)<\/p>\n Under Secretary to \nthe Government of India<\/p>\n","protected":false},"excerpt":{"rendered":" GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) 2. Balance   Provided that in case the authorisation is issued to a CSP, the CSP shall execute the bond with bank guarantee and the bank guarantee shall be equivalent to 100% of the duty foregone, and the bank guarantee shall be given by CSP or … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[29],"class_list":["post-947","post","type-post","status-publish","format-standard","hentry","category-exim","tag-exemption"],"yoast_head":"\n