2.20.1
- Document type
- Procedure
- Dated
Corporate Guarantee
Corporate Guarantee
2.20.1
A Status holder or a PSU may also submit Corporate Guarantee in lieu of Bank Guarantee/LUT in terms of the provisions of relevant Customs Circular in this regard. In case of a group company, if one company of a Group is a status holder, Corporate Guarantee may be given for another company by this company, which is not a status holder.
(Above Para 2.20.1 has been amended vide PN. NO. 24/2007, DT. 23/07/2007)
[OLD-
A Status holder or a PSU may also submit Corporate Guarantee in lieu of BG / LUT, for import and domestic sourcing as prescribed. For a non-status holder group Company, a status holder can give such guarantee.]
2.20.1
A Status holder or a PSU may also submit Corporate Guarantee in lieu of Bank Guarantee/LUT in terms of the provisions of relevant Customs Circular in this regard. In case of a group company, if one company of a Group is a status holder, Corporate Guarantee may be given for another company by this company, which is not a status holder.
(Above Para 2.20.1 has been amended vide PN. NO. 24/2007, DT. 23/07/2007)
[OLD-
A Status holder or a PSU may also submit Corporate Guarantee in lieu of BG / LUT, for import and domestic sourcing as prescribed. For a non-status holder group Company, a status holder can give such guarantee.]