WebAug 12, 2024 · In view of above, it is reiterated that waiver of bank guarantee/ surety to EOUs would continue to be governed by various circulars issued from time to time by CBIC with regard to B-17 bonds executed by EOUs and will not be guided by the Circular No. 48/2024-Customs dated 08.12.2024 which governs the general importers and not the … WebReduction or waiver to guarantee amount. You can apply for a reduction or a waiver to the amount of the guarantee if you meet specific criteria regarding: financial solvency; compliance with customs rules; control of operations; practical standards of competency. You can apply for a reduction to 30% of the amount of the guarantee for existing ...
Comprehensive guarantee and guarantee waivers - revenue.ie
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Apply for a customs comprehensive guarantee to cover …
Webspecific customs. Where a guarantee beneficiary is unable to accept the guar-antee liability in its favor from what it considers to be a foreign bank, the common international device of an indirect guarantee can be used instead. As a rule, the confirmation or countersig-nature of a guarantee by another bank should be avoided. WebOct 31, 2024 · Where a trader is exempt from a guarantee (as opposed to holding a 0% guarantee/guarantee waiver), then in DE 2/3 and 8/3, in lieu of the approval number/ guarantee reference number, enter ‘Guaranteenotrequired’. See guidance notes in Declaration completion guide, DE 8/3 for details. WebAug 14, 2024 · Subject: Clarification regarding bank guarantee requirement for bond executed by EOUs-reg. Various representations have been received regarding difficulties faced by EOUs with respect to requirements of bank guarantees in view of Circular no. 48/2024-Customs dated 08.12.2024 issued by CBIC. The matter has been examined. learning lodge app store vtech watch