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Subsidiaries of Export Houses - Joint Bond facility extended
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.... by the parent company on behalf the subsidiary company. A representation has been received by the Ministry to extend the facility of execution of BG/ Bond to the subsidary of export house/ trading house/ star trading house/ super star trading house as has been made available to them under Circular No. 52/ Customs & 97/ 95 Customs issued from F.No. 605/75/95- DBK. It has been represented by the....
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....mpany and the subsidary company. (3) The bond/ bank guarantee shall be jointly signed by the parent company as well as the subsidary company and shall be executed in terms of criteria laid down under Circular No. 52/95-Cus. as further amended by Circular No. 97/95-Cus. issued from F.No. 605/ 75/95 -DBK. (4) The parent company shall stand surety for the subsidary company that in t....