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of <h1>Customs Act 1962: Revised Import General Manifest Procedure Removes Bond Requirement, Assigns Codes, and Updates Filing Rules.</h1> The circular outlines amendments to the procedure for filing an Import General Manifest (IGM) before the arrival of vessels or aircraft as per the Customs Act, 1962. The requirement for a bond and bank guarantee has been removed, and specific codes for airlines, steamer agents, shipping lines, and consol agents have been assigned. Registration details must be submitted in a prescribed format, and verification will occur post-registration. Transitional measures allow leniency on penalties for late filing until July 31, 2004. The circular also addresses procedures for short haul flights and voyages, transshipment, and manual filing when electronic systems are unavailable.
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