Execution of Bank Guarantee/Legal Undertaking for DEPB/Freely transferable schemes under Chapter 3
2.20A
At the time of filing application for scrip(s) under DEPB Scheme/Freely transferable incentive Scheme under Chapter 3 of FTP without Bank Realisation Certificate (BRC), the applicant shall execute BG/LUT (as per Customs circular no. 58/2004) with the RA as per Appendix 25C or Appendix 25D respectively.
(Above para 2.20A has been added vide
PN. No. 167/2008, DT. 30/03/2009)