Bank guarantee/security for inter-city transfer of goods from one bonded warehouse to another — Exemption to Central and State Public Sector undertakings

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..... /2007 dated 30/11/2007 I am directed to refer to Board's Circular No. 68/95, dated 15-6-95 [1995] (78) E.L.T. T51] and No. 99/95, dated 20-9-95 (issued from F. No. 473/61/94-DC) laying down the procedures for appointment of Public Bonded Warehouses and licensing of Private Bonded Warehouses under Section 57 and 58 of the Customs Act, 1962. 2. In this context, a reference has been rec .....

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..... ent Undertakings, as has been done in case of requirement of Bank guarantee/security in similar other matter like, transshipment of goods from Gateway ports to Feeder ports/ICDs/CFSs [Circular No. 78/2001-Cus., dated 7-12-2001 refers 2002 (139) E.L.T. T9], it is clarified that all Central and State Public Sector Undertakings shall be exempt from furnishing Bank guarantee or other form ox security .....

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