Re-warehousing security requirements relaxed for export-oriented units; transit bond or insurance required, stricter guarantees for repeated defaults. Imported goods transferred for re warehousing to inland stations require security for customs duty; the 5% Bank Guarantee is waived for consignments to 100% EOU, EHTP, STP and EPZ units provided a transit bond or insurance equivalent to duty is obtained and a re warehousing certificate is submitted within 30 days of despatch. Failure to produce the certificate within 30 days for more than three consecutive consignments will require supporting the bond with a 100% Bank Guarantee. These instructions modify Board Circular No. 29/95.
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Re-warehousing security requirements relaxed for export-oriented units; transit bond or insurance required, stricter guarantees for repeated defaults.
Imported goods transferred for re warehousing to inland stations require security for customs duty; the 5% Bank Guarantee is waived for consignments to 100% EOU, EHTP, STP and EPZ units provided a transit bond or insurance equivalent to duty is obtained and a re warehousing certificate is submitted within 30 days of despatch. Failure to produce the certificate within 30 days for more than three consecutive consignments will require supporting the bond with a 100% Bank Guarantee. These instructions modify Board Circular No. 29/95.
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