📑 Bond & Bank Guarantee (BG) Cancellation — EPCG & Advance Authorization
Simplified Bond/BG Release & Closure Services | DGFT EXIM
Under the EPCG and Advance Authorization (AA) schemes, exporters are often required to execute a Bond or Bank Guarantee (BG) at the time of customs registration to secure duty benefits against export obligations.
Once the export obligation is fulfilled and necessary redemption or closure formalities are completed with DGFT, exporters can apply for Bond / BG cancellation with Customs.
At DGFT EXIM, we offer expert assistance for smooth and hassle-free Bond and Bank Guarantee cancellations across major customs ports in India.
📌 Why Bond / BG Cancellation is Important
After fulfilling your export obligation and receiving redemption/closure from DGFT:
Mandatory Release
✅ It's mandatory to get your executed Bond and Bank Guarantee released by Customs.
Avoid Operational Issues
✅ Failure to cancel the Bond/BG may lead to operational issues, blockage of credit limits, or unnecessary financial liabilities.
Ensure Compliance
✅ Timely cancellation ensures closure of scheme-related liabilities and regulatory compliance.
📋 Services We Provide
At DGFT EXIM, we handle:
Application Preparation
✅ Preparation and filing of Bond / BG cancellation application
Document Compilation
✅ Compilation and submission of required documents
Customs Coordination
✅ Coordination with Customs Bond Section for file processing
Follow-up Services
✅ Follow-up for approvals and release orders
BG Collection
✅ Collection of BG release confirmation or original BG from Customs
📄 Documents Required
- Copy of EPCG / Advance Authorization License
- Customs Bond / Bank Guarantee Copy
- Copy of EPCG Redemption Letter / Advance License Closure Letter issued by DGFT
- Proof of Export Obligation fulfillment / shipping bills / EODC
- Copy of IEC and company PAN
- Customs Registration Certificate (if applicable)
Additional documents may be required based on port or case specifics.
📞 Why Choose DGFT EXIM?
- ✔️ Specialized service in EPCG & Advance License Bond/BG cancellation
- ✔️ Quick and compliant documentation
- ✔️ Coordination with customs authorities for faster release
- ✔️ Expertise in handling port-specific procedures and formalities
- ✔️ End-to-end support until final cancellation confirmation
📌 Conclusion
Bond and Bank Guarantee cancellation is a crucial compliance step after fulfilling your export obligations under EPCG and Advance Authorization schemes. Partner with DGFT EXIM for efficient, accurate, and timely cancellation services — ensuring your financial securities are promptly released and regulatory records updated.
📞 Contact our compliance desk today for expert assistance in your Bond & BG cancellation cases.