Amendments in the Handbook of Procedures, Vol.I
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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.