https://www.taxtmi.com/circulars?id=56076 Regional Authorities must monitor Bank Guarantees under the Foreign Trade Policy and Handbook of Procedures by maintaining a Bank Guarantee Register for BGs with outstanding export obligations or unredeemed status; the Register is to be reviewed monthly by supervisory officers. RAs must initiate extensions or enforcement of BGs well before expiry, and the decision to enforce or extend a BG-having revenue implications-must be taken by the Head of the Office. RAs must endorse authorisations to require Customs to release or redeem BG/LUT only after receipt of NOC or End Use Documentation and forward such endorsements to Customs at the port of registration. en-us Fri, 28 Jul 2017 00:00:00 +0530 Thu, 31 Aug 2017 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56076 Regional Authorities must monitor Bank Guarantees under the Foreign Trade Policy and Handbook of Procedures by maintaining a Bank Guarantee Register for BGs with outstanding export obligations or unredeemed status; the Register is to be reviewed monthly by supervisory officers. RAs must initiate extensions or enforcement of BGs well before expiry, and the decision to enforce or extend a BG-having revenue implications-must be taken by the Head of the Office. RAs must endorse authorisations to require Customs to release or redeem BG/LUT only after receipt of NOC or End Use Documentation and forward such endorsements to Customs at the port of registration. Circulars DGFT Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56076