IN FORCE undated

Execution of Legal Undertaking (LUT)

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2.35 — Execution of Legal Undertaking (LUT)

(a) Wherever any duty-free import is allowed or where otherwise specifically stated, importer shall execute, Legal Undertaking (LUT) / Bank Guarantee (BG)4/ Bond with the Customs Authority, as prescribed, before clearance of goods.
(b) In case of indigenous sourcing, Authorisation holder shall furnish LUT/BG/Bond to the RA concerned before sourcing material from indigenous supplier/ nominated agency as prescribed in Chapter 2 of Handbook of Procedures.

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