Transhipment of import and export cargo - waiver of bank guarantee

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....mber 24th, 2005 Subject: Transhipment of import and export cargo - waiver of bank guarantee - Reg. I am directed to invite your attention to Board's Circular No. 78/2001-Customs, dated 7.12.2001. The above circular prescribes the bond and amount of bank guarantee to be taken in case of transhipment of cargo from the gateway port to feeder ports/ICDs/CFSs and vice versa. It also provides for ....

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....vement by road, coastal shipping or rail. 4. Further, there could be some carriers who may be having annual transhipment volume below the limit of 1000 TEUs, but may have good track record, requesting for considering exemption from BG on merits. Such requests can be considered by the jurisdictional Commissioners of Customs in deserving cases for giving waiver of bank guarantee requirement ....