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.