I am directed to refer to Board's Circular No. 29/ 95 dated 29th March, 1995 (issued from F. No. 473/ 6/ 95-LC) on the above subject and to say that as a measure of further relaxation, it has been decided to do away with the requirement of 5% Bank Guarantee in the case of imported goods of 100% E.O.Us/ EHTP/ STP and EPZ Units. However, a transit bond or an insurance policy equivalent to the amount of duty involved may be obtained on the condition that re-warehousing certificate would be submitted within a period of 30 days from the date of despatch of the goods from the port/ airport of import. Where the party fails to produce the re-warehousing certificate within 30 days consecutively for more than three consignments, he would be required to support their Bond with 100% Bank Guarantee.

2.    The Board's instructions dated 29th March, 1995 may be considered modified to the above extent. You are, therefore, requested to issue suitable instructions to the field formation.