The Directorate General of Foreign Trade (DGFT) has introduced enhanced features in the Bank Guarantee Repository Module through Trade Notice No. 23/2026-27 dated 28 August 2026.
These changes aim to reduce paperwork, improve monitoring and simplify Bank Guarantee management for exporters.
1. Fresh or Replacement Bank Guarantee
A new “Purpose” field has been added to the DGFT Portal. Exporters can now specify whether the Bank Guarantee is:
- A fresh submission, or
- A replacement of an existing Bank Guarantee
This will help DGFT authorities correctly identify and link replacement BGs.
2. Automatic BG Expiry Alerts
The system will send automatic email alerts to exporters:
- 60 days before BG expiry
- 45 days before BG expiry
These reminders will help exporters renew or replace their Bank Guarantees on time.
3. Digital Notices and Communication
DGFT Regional Authorities can now generate and digitally sign communications through the portal relating to:
- Renewal or replacement of BG
- Renewal notice to the exporter or bank
- Encashment notice to the bank
- Return of BG to the exporter
This will reduce manual and paper-based communication.
4. Online BG Status Tracking
Exporters can track different stages of their Bank Guarantee, including:
- Pending Acceptance
- Accepted
- Replaced
- Returned after EODC
- Renewal Notice Issued
- Encashment Notice Issued
In certain Advance Authorisation and EPCG invalidation cases, the BG status will automatically change to “Accepted” after approval of the invalidation file.
· What Should Exporters Do?
Exporters should regularly check the DGFT Portal, keep their registered email address active and take timely action when renewal or replacement alerts are received.
· Key Takeaway
The enhanced DGFT Bank Guarantee Repository Module will make BG monitoring more organised, transparent and digital. Exporters should use the new tracking system to avoid missing important expiry or renewal deadlines.