Transhipment of cargo - Waiver of bank guarantee
Board has decided to waive bank guarantee for transhipment of cargo from the gateway port to feeder ports/ICDs/CSFs and vice versa. The waiver would apply to carriers of containerized cargo handling more than one thousand TEUs as import containers in a financial year. Even those who have less than this volume of one thousand TEUs but having good track record can be given this facility by the Commissioner. This facility is expected to ease the congestion at the port.
Circular No. 45/2005-Cus., Dated: November 24, 2005