Bank, bond and cheque paper
Bank, bond and cheque paper in rolls (security printing paper)
HSN 4802 55 50 (Bank, bond and cheque paper) is subject to the ITC (HS) Restricted-import policy administered by the Directorate General of Foreign Trade (DGFT) under Policy Condition No. 3 of Chapter 48. Import of security printing paper is permitted only upon satisfaction of the specific conditions prescribed in that policy condition.
- Import authorisation from DGFT
- Policy Condition No. 3 compliance from DGFT
- 1Confirm compliance with ITC (HS) Policy Condition No. 3 of Chapter 48 before placing the import order. Security printing paper under this tariff line carries Restricted status, and import without satisfying the prescribed policy condition constitutes an ITC (HS) Restricted-import violation.ITC (HS) Import Policy, Policy Condition No. 3 of Chapter 48
- 2Obtain the requisite import authorisation from the Directorate General of Foreign Trade and upload all supporting documents in e-Sanchit prior to filing the bill of entry. Customs out-of-charge cannot be granted until the policy-condition documents are verified by the proper officer.ITC (HS) Import Policy, Policy Condition No. 3 of Chapter 48
The most frequent error on this tariff line is treating it as ordinary uncoated paper and filing the bill of entry without any DGFT authorisation. Bank, bond and cheque paper qualifies as security printing paper, and the Restricted status is category-specific — general paper importers who handle other Chapter 48 lines on a Free basis cannot assume the same treatment applies here. A consignment arriving without Policy Condition No. 3 compliance is liable to detention and re-export.