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of <h1>Central Board of Excise & Customs Lowers Bank Guarantee from 25% to 15% for Export and Trading Houses.</h1> The circular issued by the Central Board of Excise & Customs under the Ministry of Finance, Government of India, addresses the rewarehousing of imported goods transferred from major ports to inland warehousing stations. It announces a relaxation for Established Export Houses and Trading Houses, allowing them to furnish a 15% Bank Guarantee instead of the previously required 25%. This modification updates the Board's earlier instructions from May 18, 1990, to reflect the reduced guarantee requirement, facilitating easier compliance for these entities.
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