Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Date: 15-07-2010
Notification No: DGFT Policy Circular No 39/2009-2014
Issuing Authority: DGFT  
Type: Circular
File No: F.No.01/53/8/484/AM010/N-23/Import Cell
Subject: Executiion of LUT/BG against Import Authorisation issued by import of Restricted Items on Re-export basis.

Government of India
Ministry of Commerce & Industry
Directorate General of Foreign Trade
Udyog Bhavan, New Delhi.

Policy Circular No. 39/2009-2014

Dated 15th July 2010

To,

All Regional Authorities;

Trade & Industry

Subject: Executiion of LUT/BG against Import Authorisation issued by import of Restricted Items on Re-export basis.

This refers to the Import Authorisation which are approved for import of restricted items on re-export basis by the EFC. To ensure that goods are re-exported by the importers as declared by them at the time of application for Import Authorisations, it has been decided that Regional Authority (RA) concerned will take LUT/BG from the importers at the time of issuance of such authorization as per the following details:-

  1. The status holders and manufacturers with a turnover of 5 Cr and above, shall execute only a LUT for the full import value.

  2. Other importers, not covered by Sl.No. 1 above, shall excute LUT for the full import value along with a bank guarantee (BG) for a value of Rs. 1 lakh (one lakh Rupees).

  3. LUT / BG should have a minimum validity for a time period covering the re-export time plus six months.

  4. LUT/BG should be redeemded by RA as soon as the documentary evidence for re-export of goods is furnished by the importer.

  5. This issues with the approval of Competent Authority.

(SHUBHRA)
Joint Director General of Foreign Trade
Tel. 011-23063249
(Issued from F.No.01/53/8/484/AM010/N-23/Import Cell)

       

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 06-01-2022
Notification No.02 /2022 - Customs (N.T.)
Exchange rate Notification No.02/2022-Cus (NT) dated 06.01.2022-reg

Date: 03-01-2022
Notification No.01/2022 - Customs (N.T.)
Exchange rate Notification No.01/2022-Cus (NT) dated 03.01.2022-reg

Date: 30-12-2021
Notification No.106/2021 - Customs (N.T.)
Exchange rate Notification No.106/2021-Cus (NT) dated 30.12.2021.

Date: 28-12-2021
Notification No.105/2021 - Customs (N.T.)
Exchange rate Notification No.105/2021-Cus (NT) dated 28.12.2021.

Date: 27-12-2021
Notification No.104/2021 - Customs (N.T.)
Exchange rate Notification No.104/2021-Cus (NT) dated 27.12.2021.

Date: 24-12-2021
Notification No.103/2021 - Customs (N.T.)
Exchange rate Notification No.103/2021-Cus (NT) dated 24.12.2021-reg.

Date: 24-12-2021
Notification No. 54/2021-Customs
Seeks to further amend notification No. 46/2011-Customs dated 01-06-2011 to give effect to 13th tranche of preferential tariff as per ASEAN India Trade in Goods Agreement (AITIGA)

Date: 22-12-2021
Notification No.102/2021 - Customs (N.T.)
Exchange rate Notification No.102/2021-Cus (NT) dated 22.12.2021-reg.

Date: 21-12-2021
Notification No.101/2021 - Customs (N.T.)
Exchange rate Notification No.101/2021-Cus (NT) dated 21.12.2021-reg

Date: 20-12-2021
Notification No.100/2021 - Customs (N.T.)
Exchange rates Notification No.100/2021-Cus (NT) dated 20.12.2021.



Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001