No Bond Certificate endorsement restriction: customs verification clause must not be endorsed, reducing transaction costs. No Bond Certificate submissions for discharge of export obligation and issuance of Redemption Certificate under advance licences must not carry an endorsement requiring customs to verify shipment details before discharging bank guarantees or LUTs; a standard certificate format listing shipping bill numbers, dates, quantities and FOB values is provided for attachment to the Export Obligation Discharge Certificate.
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.
No Bond Certificate endorsement restriction: customs verification clause must not be endorsed, reducing transaction costs.
No Bond Certificate submissions for discharge of export obligation and issuance of Redemption Certificate under advance licences must not carry an endorsement requiring customs to verify shipment details before discharging bank guarantees or LUTs; a standard certificate format listing shipping bill numbers, dates, quantities and FOB values is provided for attachment to the Export Obligation Discharge Certificate.
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