Bank guarantee for transhipment: exemptions for government undertakings and custodians, others subject to existing requirements under amended custodial guarantees. Carriers remain subject to the existing bank guarantee requirement for transhipment, except that Central and State Government undertakings are exempt. Custodians of ICDs/CFSs operating as carriers must amend their custodial bank guarantees to cover safety and security of transhipped cargo, inform the jurisdictional Commissioner of Customs, and may tranship against the amended custodial guarantee without providing a separate transhipment guarantee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bank guarantee for transhipment: exemptions for government undertakings and custodians, others subject to existing requirements under amended custodial guarantees.
Carriers remain subject to the existing bank guarantee requirement for transhipment, except that Central and State Government undertakings are exempt. Custodians of ICDs/CFSs operating as carriers must amend their custodial bank guarantees to cover safety and security of transhipped cargo, inform the jurisdictional Commissioner of Customs, and may tranship against the amended custodial guarantee without providing a separate transhipment guarantee.
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