TaxTMI 
TaxTMI 
Transhipment of import and export cargo from/through gateway ports – procedure reg
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....t and export cargo from/through gateway ports - procedure reg. It is directed to refer to the Board's Circular No. 31/99-Cus. Dated the 27th May, 1999 on above-mentioned subject. It has been brought to the notice of the Board that 90% of Indian cargoes are being transhipped over foreign ports i.e. dubai, Singapure, and Colombo, as transhipment through these ports is cheaper than that through th....
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.... bond for each and every consignment. 2. The above-said suggestions were examined by the Board, and the following decisions have been taken to promote transhipment of transhipment of cargo through Indian ports. ( i ) Carriage of domestic containers alongwith transhipment containers for import/export containers shall be allowed on coastal vessels. However, to chech the possibility/repla....
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....however, to avoid the multiplicity of bonds, carriers may execute Mother Bonds instead of individual bonds. Such bonds will be accepted and maintained by the Commissioners of Customs at the port of origin and these will be like running bonds. The Mother Bond can the port of origin and these will be credited on receipt of proof of safe landing of containers at the port of destination. The value of ....
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....eipt of safe landing of containers carried in that trip and distination port. There fore, it can be said that the bond will be of the nature of running bond, but security can be furnished for each trip of vessel separately. This will reduce the burden on carriers and at the same time revenue will be safeguarded ( iv ) The facility of Mother Bond as mentioned in para ( ii ) above ....