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OFFICE
OF THE COMMISSIONER OF CUSTOMS, |
PUBLIC
NOTICE NO. 146 /2001
Sub: Procedure of Transhipment of Import and Export Cargo from / through Gateway ports – reg.
Government of India, Ministry of
Finance, Department of Revenue, New Delhi, Drawback Circular No.3/2001-Cus.
vide F.No.609/115/2000- DBK dated 10.01.2001, is reproduced below for the
guidance of the importers, clearing agents and trading staff.
C11/76/2001-AP (PORT) (S.
SANKARAVADIVELU)
CUSTOM HOUSE, CHENNAI-1. DY. COMMR. OF CUSTOMS (APPG)
DATE : 29.06.2001
______________________________________________________________________
Circular No. 47/2000-Cus
F.NO. 450/54/99-Cus.IV
It is directed to refer to the Board’s
Ciurcular No. 34/2000-Cus. Dated 3rd May, 2000 on above mentioned subject.
Paragraph 2(ii) of the said Circular provides the manner in which the value of
the Mother Bond is to be calculated. It has been provided in Paragraph 2(iii)
that the Mother Bond would be like a running bond, whereas carriers would be
free to furnish security for each trip of vessel separately. In this
connection, doubts have been expressed regarding the amount of security to be
furnished along with the bond required for the purpose of transhipment of
import/export cargo from/through gateway ports.
2. The matter has been examined and it has been
decided that the amount of security would be 25 percent of the bond value. As
the carriers have been given option to furnish security for each trip of vessel
separately, the amount of security would be 25 per cent of average value of
cargo being carried in that particular trip of the vessel.
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