Execution of BG/LUT in case of indigenous sources

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....020-24441577 Email : [email protected] Trade Notice No. 15/AM16 dated 09.06.2016 Sub: Execution of BG/LUT in case of indigenous sources As per Para 2.9 of Hand Book of Procedures 2015-2020, in case of indigenous sourcing Advance Authorization and EPCG Authorization holders have to execute BG/LUT to the Regional Authority as per Customs Circular No: 58/2004-cus dated 21/10/2004 as amende....

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....ming status as manufacturer exporter, have to prove its credence for the same independently to that authority" So the firms, who have commenced manufacturing alone, will be eligible for bond backed by 15% bank guarantee/cash security. Other exporters who are not covered under clause (a) to (e) of Para 3.1 of Customs Circular No. 58/2004-cus dated 21/10/2004, as amended by Customs Circular No. 17/2....