Amendments in Para 2.20 - Execution of Bank Guarantee / Legal Undertaking for Advance Authorisation / DFIA and EPCG Authorisation - DGFT - 62/(RE 2008) 2004-09

Amendments in Para 2.20 - Execution of Bank Guarantee / Legal Undertaking for Advance Authorisation / DFIA and EPCG Authorisation PUBLIC NOTICE NO. 62/(RE 2008) 2004-09 Dated 08/08/2008 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)