Grant of waiver of the requirement of Bank Guarantee in respect of imported goods to be warehoused in Public or Private Bonded Warehouses – regarding

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..... .No.473/04/2005-LC Government of India Ministry of Finance Department of Revenue ….. New Delhi, the 24th April, 2007 Sub : Grant of waiver of the requirement of Bank Guarantee in respect of imported goods to be warehoused in Public or Private Bonded Warehouses - regarding - …… I am directed to refer to Board's Circular No.68/95, dated 15.06.1995 and No.99/95, dated .....

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..... n in others. Para 3 (viii) of the Circular No.99/95 provides that in respect of sensitive goods, we may take a Cash deposit or Bank guarantee equal to 25% of the duty liability for each consignment. The said circular also specifies that where a warehouse keeper wants to have revolving bond with a single Bank guarantee for a higher amount, it can also be accepted and a suitable credit/ debit system .....

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..... /95, dated 20.09.1995 (F.No.473/61/1994-LC) be strictly followed and the requirement of Cash deposit or Bank guarantee equal to 25% of the duty in respect of sensitive goods, as envisaged in para 3 (viii) of Circular No.99/95, shall be complied uniformly. This would be applicable not only to Private Bonded Warehouses but to Private owned Public Bonded Warehouses as well. 5.The contents of this .....

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