Execution of BG/LUT in case of indigenous sources

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..... 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 amended from time to time. This customs circular prescribes bond back....

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....e 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. 17/2009-cus dated 25/05/2009 have to execute bond backed by bank guarantee ....