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of <h1>Government Undertakings Exempted from Security for Private Bonded Warehouses per Circular No. 99/95-Customs.</h1> The circular issued by the Central Board of Excise and Customs grants an exemption for Central and State Government Undertakings from furnishing security or bank guarantees when storing sensitive goods in private bonded warehouses. This exemption aligns with previous relaxations given to custodians of sea ports and air cargo complexes. However, these undertakings must still execute a double duty bond and comply with other requirements outlined in Circular No. 99/95-Customs. The circular advises issuing public notices for awareness and requests that any implementation difficulties be reported to the Board.
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