Standard set of guidelines for appointment of Custodian of Sea Ports and Air Cargo Complexes - Regarding

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of Sea Ports and Air Cargo Complexes - Regarding. I am directed to refer to Board's Circular No. 34/2002-Cus., dated 26-6-2002) [2002 (143) E.L.T. T48] issued from File No. 434/12/92-Cus. IV on the above subject. 2. It has been provided at Sl. No. 6 of the Annexure to the Board's Circular referred to above that for the proper discharge of duties, the custodian shall execute a bond equal to the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....erage duty involved on the goods likely to be stored in the premises for a period of 30 days, supported by a bank guarantee or a Government bond or cash deposit equivalent to 10% of such duty. However, all Central Government and State Government Undertakings shall be exempt from the requirement of furnishing bank guarantee or cash deposit." 3. The bonds and bank guarantees executed by the Custodi....