Attention is invited to Para 3.2 of Handbook of Procedures Vol.I 2004-09, wherein the last date for filing of application for grant of Star Status Certificate has been prescribed as 1st of March. A number of representations have been received in Hqrs as well as by Regional Licensing Authorities requesting for extending the last date for submission of such applications for obtaining the Status Certificate for the period 2004-05.
I am directed to refer to Circular No. 784/17/2004-CX dated 30.04.2004 on the above subject which directed the field formations to keep show cause notices pertaining to above issue pending until the department’s SLP was finally decided by the Hon’ble Supreme Court
The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded).
