For an unlabeled IPv4 BGP route to be resolved by an SR policy:
A color-extended community must be attached to the IPv4 route
The base instance BGP next-hop-resolution configuration of shortcut-tunnel>family ipv4 must allow SR policy tunnels
As an example, if under these conditions, there is an IPv4 route with a color-extended community (value C) and BGP next-hop address N. The order of resolution is as follows: