Project Imports -Cash security deposit lowered to 2% from 5%

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Full Text of the Document

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....arantee. I am directed to refer Board's letter F.No. 521 / 192/ 90-Cus.(TU) dated 9.1.1992 advising Customs Houses / Collect orates to take cash security equivalent to 5% of C.I.F. value of goods, at the time or registration of Project Contract under Project Import Regulations, 1986, An exception was, however, made in the case of imports by the Government Department and Public Sector Undert....