PUBLIC NOTICE NO. 62/2008, DT. 08/08/2008

Amendments in Para 2.20 - Execution of Bank Guarantee / Legal Undertaking for Advance Authorisation / DFIA and EPCG Authorisation

In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures, Vol.I:

2. After amendment Para 2.20 shall read as under:

“Before clearance of goods through Customs, Authorisation holder shall execute a BG/LUT with customs authorities. In such cases, RA shall endorse the following condition on the licence/Authorisation:

“BG/LUT as applicable, to be executed with concerned Customs Authorities.”

In case of indigenous sourcing, Authorisation holder shall furnish BG/LUT to RA as per Custom Circular No.58/2004 dated 31.10.2004, as amended from time to time”.

This issues in Public interest.

Sd/-

(R.S. Gujral)
Director General of Foreign Trade and
Ex-Officio Additional Secretary to the Government of India

(Issued from F.No.01/93/180/43/AM09/PC-II (B)

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