UP APPROVAL PROCESS.
The following documents are needed to submit for UP: The manual UP is issued in the traditional process. The bonder has submitted all documents as well as the UP copies. Bond officers verify and finally issue the UPs. It requires several 10-12 steps for approval. Moreover, the whole approval process is not clearly defined. It mainly depends on the authenticity of information supplied by the bonder and the officers' discretion. The process of the Computer Generated UP is clearly defined. It requires a maximum of 8 steps if the single LC value exceeds $80,000.00. Otherwise, it takes only 3-4 steps. The detailed processes are as below: Sl Details Step 1 Bonder will come with the required documents and duly fill up the UP Application Form and submit the papers to the 'CBC Data Entry Kiosk' (initially DTCL will enter the required data in the application, then be done by CBC people). Step 2 Dat...