Bank, bond and cheque paper
Bank, bond and cheque paper for security printing
HSN 4802 57 50 (Bank, bond and cheque paper) is subject to the ITC (HS) Restricted-import policy administered by the Directorate General of Foreign Trade (DGFT), with import permitted only under the conditions prescribed in ITC (HS) Policy Condition No. 3 of Chapter 48. No additional sectoral PGA clearance is listed, but the Restricted status means a free bill of entry cannot be filed without satisfying that policy condition.
- Import authorisation from DGFT
- Policy Condition No. 3 compliance from DGFT
- ITC (HS) declaration to CBIC
- 1Confirm that the import satisfies ITC (HS) Policy Condition No. 3 of Chapter 48 applicable to Security Printing Paper before filing the bill of entry. The tariff line is Restricted; any consignment that does not meet that condition is liable to detention and re-export.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 documentation in e-Sanchit prior to out-of-charge. Customs officers will verify the DGFT authorisation against the Restricted-policy condition at the bill-of-entry stage.ITC (HS) Import Policy, Policy Condition No. 3 of Chapter 48
The most common error on this tariff line is filing the bill of entry under the general uncoated-paper description without disclosing the Security Printing Paper end-use, which converts what appears to be a routine paper import into a Restricted-category breach. The Restricted status attaches to the product at this 8-digit CTI level regardless of the stated end-use of the importer; once the consignment is detained for a Policy Condition No. 3 verification, demurrage and ground rent accrue during the DGFT referral, and there is no rectification route short of re-export or destruction.