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Execution of Bank Gurantee
1 In terms of Para 4,19 of PB wherever any duty free import is allowed or where otherwise specifically stated the importer shall execute a LUT or Bank Gurantee with the Customs Authority before clearance of goods through the customs in the manner as may be prescribed .
2 In case of Indigenous sourcing the lience holder shall furnish BG/LUT to the licensing Authority befor sourcing the material from the indigenous supplier/nominated agencies
3 In terms of Para 4.24 OF HBP Bank Guranttee has to be executed as under
 
A The Status holder/PSU amd Manufacturer Exporter registered with excise authority with export of Rs 1 Crore and above in preceeding year and who has not been penalized under the Custom Act, Excise Act, Foreign Trade Development and Regulation) Act 1992 and FERA shall be reuired to furnish Legal under taking in the form given in Appx 24 B

B Manufacturer Exporter shall be required to furnish bond supported by Bank Gurantee to the extenmt of 25% Excise Duty saved
C Merchant Exporter other than status holder/PSU shall be required to furnish bond supported by Bank Gurantee to the extent of 100% of excise dury saved on the items which they intend to procure indigenously in lieu of direct import
4 The request for Bank Gurantee of licence shall be made in the form given in Appx-24A
   

 

Required Details

Please give following Details/Documents to enable us to process your application.
1 Orignal Advance Licence
2 Original Export DEEC Book
3 Original Import DEEC Book