Bank guarantee or legal undertaking requirement before customs clearance for Advance Authorisation, DFIA and EPCG schemes. Authorisation holders must execute a Bank Guarantee or Legal Undertaking (BG/LUT) with Customs before clearance of goods under Advance Authorisation, DFIA and EPCG; the RA will endorse the licence/authorisation to that effect. For indigenous sourcing, BG/LUT must be furnished to the RA as per Customs Circular No.58/2004, as amended.
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 or legal undertaking requirement before customs clearance for Advance Authorisation, DFIA and EPCG schemes.
Authorisation holders must execute a Bank Guarantee or Legal Undertaking (BG/LUT) with Customs before clearance of goods under Advance Authorisation, DFIA and EPCG; the RA will endorse the licence/authorisation to that effect. For indigenous sourcing, BG/LUT must be furnished to the RA as per Customs Circular No.58/2004, as amended.
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