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Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh-Waiver of bank guarantee - Customs - 01/2021

Extract

..... missioners of Customs & Central tax, All Principal Director Generals/Director Generals under CBIC. Madam/ Sir, Subject: Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh-Waiver of bank guarantee -reg. Reference is invited to CBIC Circulars No.45/2005-Customs, dated 24.11.2005 and No.8/2019-Customs, dated 26.02.2019 dealing with transhipment of import and export cargo and carriage of coastal cargo. 2. In this regard, representations have been received that Customs authori .....

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Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh-Waiver of bank guarantee - Customs

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..... f coastal goods through foreign territory of Sri Lanka and Bangladesh has been provided for, with a view to promote the movement of coastal goods through foreign territory. 5. In view of the above, Board has decided to extend the exemption from requirement of furnishing of Bank Guarantee by the carriers for carriage of EXIM cargo for transhipment through foreign territories of Sri Lanka and Bangladesh. This relaxation would apply, if the carrier fulfils the requirement of waiver of Bank Guarante .....

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Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh-Waiver of bank guarantee - Customs

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