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Advance Licence LUT Execution/Redemption
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| 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 |
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| 1 |
Orignal Advance
Licence
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| 2 |
Original Export
DEEC Book |
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| 3 |
Original Import
DEEC Book |
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