Bank, bond and cheque paper
Bank, bond and cheque paper for security printing
HSN 4802 58 40 (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 in accordance with the specific conditions set out in that policy condition.
- Import authorisation from DGFT
- Policy Condition No. 3 declaration to CBIC
- 1Verify that the import satisfies all conditions prescribed under ITC (HS) Policy Condition No. 3 of Chapter 48 before filing the bill of entry. Import of security printing paper under this tariff line is Restricted and cannot proceed without satisfying those policy conditions.ITC (HS) Import Policy Condition No. 3 of Chapter 48
- 2Obtain the requisite import authorisation from the Directorate General of Foreign Trade and upload supporting documentation in e-Sanchit at the bill of entry stage. Customs out-of-charge will not be granted until the policy condition compliance is verified by the proper officer.ITC (HS) Import Policy Condition No. 3 of Chapter 48 · Customs Act, 1962
The most common error on this tariff line is treating bank, bond and cheque paper as freely importable writing or printing paper on account of its physical description, overlooking the Restricted status triggered by its security-printing end-use. Policy Condition No. 3 of Chapter 48 applies specifically to security printing paper; consignments presented without the corresponding DGFT authorisation are liable to detention and ground rent pending regularisation or re-export.