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of <h1>Central and State PSUs as Custodians for EPZs, ICDs, CFSs Exempt from Bank Guarantees; Must Execute Bond Instead.</h1> The circular from the Central Board of Excise & Customs addresses the appointment of custodians for Export Processing Zones (EPZs), Inland Container Depots (ICDs), and Container Freight Stations (CFSs). It clarifies that Central and State Public Sector Undertakings (PSUs) appointed as custodians are exempt from providing a bank guarantee or other security forms as previously required. Instead, these PSUs must execute a bond equivalent to the value of goods likely to be stored for 30 days. The circular instructs relevant authorities to disseminate this information and report any implementation issues to the Board.
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