Bank guarantee reduction for rewarehousing permits eligible exporters to post lower security for inland warehouse transfers. The Central Board of Excise & Customs has modified existing re-warehousing instructions to allow Established Export Houses and Trading Houses to furnish a reduced bank guarantee in lieu of the previously required higher guarantee when transferring imported goods from major ports to inland warehousing stations, with all other conditions remaining in force except as expressly amended.
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Provisions expressly mentioned in the judgment/order text.
Bank guarantee reduction for rewarehousing permits eligible exporters to post lower security for inland warehouse transfers.
The Central Board of Excise & Customs has modified existing re-warehousing instructions to allow Established Export Houses and Trading Houses to furnish a reduced bank guarantee in lieu of the previously required higher guarantee when transferring imported goods from major ports to inland warehousing stations, with all other conditions remaining in force except as expressly amended.
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