8.13
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 (upto 31/03/2001)
Execution of BG / LUT
8.13 Before clearance of the first consignment of import, the licensee shall execute with the licensing authority, Bank Guarantee (BG) / Legal Undertaking (LUT) / Joint LUT as the case may be. However, no BG / LUT / Joint LUT shall be required to be executed where the specified export obligation has been fulfilled before making any imports.