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of <h1>New Circular Requires Insurance Policy Alongside Transit Bond for Imported Goods Transfer Under Customs Rule</h1> The circular mandates that during the transfer of imported goods from major ports to inland warehousing stations for re-warehousing, an insurance policy must be obtained in addition to a transit bond to provide adequate security for customs duty. This requirement amends a previous circular by specifying that both a transit bond and insurance policy are compulsory, ensuring proper coverage and safeguarding customs interests during transportation. All other provisions of the earlier circular remain unchanged.
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