Custodian bond requirement amended: bond based on average duty for stored goods with limited guarantee; government undertakings exempt. Custodian bond obligations for EPZs/ICDs/CFSs are revised to require a bond equal to the average duty on goods likely to be stored for thirty days, supported by a bank guarantee, Government bond or cash deposit equal to a portion of that duty; Central and State Government undertakings are exempt from furnishing the supporting bank guarantee or cash deposit.
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Custodian bond requirement amended: bond based on average duty for stored goods with limited guarantee; government undertakings exempt.
Custodian bond obligations for EPZs/ICDs/CFSs are revised to require a bond equal to the average duty on goods likely to be stored for thirty days, supported by a bank guarantee, Government bond or cash deposit equal to a portion of that duty; Central and State Government undertakings are exempt from furnishing the supporting bank guarantee or cash deposit.
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