Corporate guarantee permitted as substitute for bank guarantees or LUT, including intra-group support where status holder exists. Amendment permits a Corporate Guarantee to be submitted instead of a bank guarantee or Letter of Undertaking, with a Status holder or a Public Sector Undertaking authorised to furnish such guarantee in accordance with the relevant Customs Circular; within a group, a company that is a Status holder may provide a Corporate Guarantee for another group company that is not a Status holder. Additionally, sub paragraph 3 of paragraph 2.33 of the Handbook of Procedures, Vol. I is deleted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporate guarantee permitted as substitute for bank guarantees or LUT, including intra-group support where status holder exists.
Amendment permits a Corporate Guarantee to be submitted instead of a bank guarantee or Letter of Undertaking, with a Status holder or a Public Sector Undertaking authorised to furnish such guarantee in accordance with the relevant Customs Circular; within a group, a company that is a Status holder may provide a Corporate Guarantee for another group company that is not a Status holder. Additionally, sub paragraph 3 of paragraph 2.33 of the Handbook of Procedures, Vol. I is deleted.
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