| Date: |
26-03-1995
|
| Notification No: |
Customs Circular No 29/1995
|
| Issuing Authority: |
Indian Customs
|
| Type: |
Circular
|
| File No: |
|
| Subject: |
Transfer of import goods for re-warehousing from major port to inland warehousing station - need for adequate security for customs duty
|
|
Transfer of import goods for re-warehousing from major port to inland
warehousing station - need for adequate security for customs duty
Circular No. 29 dated 26th
March 1995
I am directed to
refer to the correspondence resting with Board's letter F.No. 473/25/90-CUS-VII
dated 30.9.91 on the above subject and to say that as a measure of further
relaxation it has been decided that only 5% bank guarantee along with the
transit bond equal to the amount of duty may be insisted from 100% EOU/ EHTP/
EPZ units in respect of capital goods and raw material /components/ consumables
etc. for the first three years of operation, on the condition that
re-warehousing certificates in respect of the consignment cleared should be
produced within three weeks of the dispatch, failing which the next consignments
may be allowed only on transit bond supported by 100% Bank Guarantee. Further,
if the unit concerned has properly installed the capital goods, produced and
exported goods in terms of the requirements, and also produced re-warehousing
certificates as stipulated above, then on the basis of the recommendation of the
Collector of Customs/ Central Excise (as the case may be) the unit may be
allowed in-bond movement on furnishing a Bond without Bank Guarantee for
subsequent imports, whether of capital goods or other goods. This would,
however, again be subject to the condition that the unit continues to provide
the re-warehousing certificate within three weeks of despatch.
2. The Board's
instruction dated 30th November 1991 may be considered modified to
the above extent.
|
|
|