2.20.1

Corporate Guarantee

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.

(Para 2.20.1 has been added vide PN. NO. 53(RE-03), DT. 27/02/2004)

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