CUS CIR NO. 24/2006 DATE 25/08/2006
- Document type
- Circular
- Reference no.
- L
- Dated
Transhipment of import and export cargo through airports- waiver of bank guarantee
Transhipment of import and export cargo through airports- waiver of bank guarantee
2. The issue of waiver of bank guarantee in transhipment of air cargo between two Indian airports and transhipment of cargo from/to airport from other Customs location was considered in Inter Ministerial Group) on simplification of Customs procedures in Air cargo and Air ports. It was discussed to provide similar bank guarantee waiver requirement for air cargo transhipment.
3. It has been decided by the Board that airlines/ other carriers having annual transhipment volume above 2500 MT to/from any airport, the same would be exempt from Bank Guarantee for carriage of goods on transhipment. Further, the jurisdictional Commissioners of Customs in deserving cases may also consider giving waiver of bank guarantee.
4. The above instructions may be brought to the notice of the Trade immediately through appropriate Public Notice.
5. Receipt of this Circular may kindly be acknowledged.
Yours faithfully,
(Anupam Prakash)
Under Secretary to the Government of India,
Ph.-23094182