Cancellation of LUT/BG: exporters must submit prescribed documents for verification to enable bond or guarantee cancellation. Cancellation of bonds or letters of undertaking (LUT/BG) will follow documentary and, where selected, physical verification of exports and EODCs. Of 470 EODCs received, specified cohorts have been selected for verification (including four on DGFT prescription and twenty-two from the non prescribed group), thirty-one cases require deemed-export verification, and 413 cases are administratively accepted on submission of the original Advance Licence, EODC and a No Bond Certificate issued by DGFT. Affected licence-holders must submit required documents as per Annexure A of Public Notice No.11/2011 by the prescribed deadline to enable cancellation of BG/LUT.
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.
Cancellation of LUT/BG: exporters must submit prescribed documents for verification to enable bond or guarantee cancellation.
Cancellation of bonds or letters of undertaking (LUT/BG) will follow documentary and, where selected, physical verification of exports and EODCs. Of 470 EODCs received, specified cohorts have been selected for verification (including four on DGFT prescription and twenty-two from the non prescribed group), thirty-one cases require deemed-export verification, and 413 cases are administratively accepted on submission of the original Advance Licence, EODC and a No Bond Certificate issued by DGFT. Affected licence-holders must submit required documents as per Annexure A of Public Notice No.11/2011 by the prescribed deadline to enable cancellation of BG/LUT.
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