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of <h1>New Circular Mandates 25% Cash Deposit or Bank Guarantee for Sensitive Goods in Bonded Warehouses Nationwide.</h1> The circular addresses the waiver of the bank guarantee requirement for imported goods warehoused in public or private bonded warehouses. It highlights inconsistencies in the application of bank guarantees across different regions, with some requiring a 25% guarantee for sensitive goods and others not. The circular emphasizes the necessity of a bank guarantee for sensitive goods to protect revenue, as insurance only covers third-party risks. It mandates adherence to the procedures in Circular No.99/95, requiring a 25% cash deposit or bank guarantee for sensitive goods in both private and privately owned public bonded warehouses, ensuring uniformity across all jurisdictions.
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