Bank guarantee and legal undertaking requirement for advance authorisations: customs execution mandated before clearance and RA endorsement required. Holders of Advance Authorisation, DFIA and EPCG Authorisation must execute a Bank Guarantee or Legal Undertaking (BG/LUT) with Customs Authorities before customs clearance, and the Regional Authority must endorse the licence/authorisation accordingly; for indigenous sourcing, BG/LUT is to be furnished to the RA as per Customs Circular No. 58/2004. The Handbook compilations remain in force until 31st March, 2009, except the DEPB scheme which continues until 31st March, 2008, and paragraph 4.68 is amended to apply paragraph 4.25.
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.
Bank guarantee and legal undertaking requirement for advance authorisations: customs execution mandated before clearance and RA endorsement required.
Holders of Advance Authorisation, DFIA and EPCG Authorisation must execute a Bank Guarantee or Legal Undertaking (BG/LUT) with Customs Authorities before customs clearance, and the Regional Authority must endorse the licence/authorisation accordingly; for indigenous sourcing, BG/LUT is to be furnished to the RA as per Customs Circular No. 58/2004. The Handbook compilations remain in force until 31st March, 2009, except the DEPB scheme which continues until 31st March, 2008, and paragraph 4.68 is amended to apply paragraph 4.25.
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