https://www.taxtmi.com/forum/issue?id=845 The circular exempts Central and State Public Sector Undertakings from furnishing Bank guarantee or other security for inter-city transfer of goods between bonded warehouses, including transfers from sea or dryland ports, while preserving the need for transit to be executed. Applying a plain reading, a transfer characterized as from a port to a warehouse in another city does not fall within that exemption and therefore remains subject to the requirement to furnish bank guarantee or equivalent security. en-us Tue, 29 Jul 2008 16:25:54 +0530 Thu, 23 Jan 2025 15:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=845 The circular exempts Central and State Public Sector Undertakings from furnishing Bank guarantee or other security for inter-city transfer of goods between bonded warehouses, including transfers from sea or dryland ports, while preserving the need for transit to be executed. Applying a plain reading, a transfer characterized as from a port to a warehouse in another city does not fall within that exemption and therefore remains subject to the requirement to furnish bank guarantee or equivalent security. Discussion-Forum Customs Tue, 29 Jul 2008 16:25:54 +0530 https://www.taxtmi.com/forum/issue?id=845