PUBLIC NOTICE NO. 24
(RE-2007)/2004-2009 dated 23.7.2007
Amendments in Para 2.20.1 - Corporate Guarantee (A Status holder or a PSU may also submit Corporate Guarantee)
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 :
1. Paragraph 2.20.1, relating to ‘Corporate Guarantee’ shall be amended to read as under:
“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”.
2. Sub-para 3 of paragraph 2.33 of Handbook of Procedures Vol.I stands deleted.
This issues in Public interest.
Director General of Foreign Trade and
Ex-Officio Additional Secretary to the Government of India
(Issued from F.No. 01/94/180/678/AM07-PC-I Pt.)
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