In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004 – 09, as Notified in Gazette of India extraordinary, Part – II, Section – 3, Sub – Section (ii) as amended from time to time and as per provisions contained in the Department of Revenue Ad-hoc Exemption Order No.31/2006-Customs dated 14.08.2006, the Director General of Foreign Trade hereby notifies the following arrangements.
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.
Difficulties, if any in implementation of these instructions, may be brought to the notice of the Board. Kindly acknowledge receipt of this Circular.
