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    <title>Execution of BG/LUT in respect of EPCG Licences</title>
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    <description>Requirement that EPCG licence holders execute a Bank Guarantee or Legal Undertaking for duty free imports must be made with the Customs authorities in the manner they prescribe; licensing authorities should not fix the quantum of the guarantee on EPCG licences but only require that the BG be executed with Customs in terms of the Export and Import Policy before goods clearance.</description>
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      <description>Requirement that EPCG licence holders execute a Bank Guarantee or Legal Undertaking for duty free imports must be made with the Customs authorities in the manner they prescribe; licensing authorities should not fix the quantum of the guarantee on EPCG licences but only require that the BG be executed with Customs in terms of the Export and Import Policy before goods clearance.</description>
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