TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Ministry Circular: Streamlined Customs Bond Cancellation, 5% Random Checks, 10-30 Day Processing Targets for Efficiency.</h1> The circular from the Ministry of Finance addresses delays in the cancellation of bonds executed with Customs under advance authorisation cases. It highlights concerns raised by Export Promotion Councils regarding the time taken for bond cancellation due to document verification processes. The Board has decided to limit random checks to 5% of cases and streamline procedures to ensure timely bond cancellation. Commissioners are directed to retrieve bond files in advance and expedite processing, with a goal of returning bonds within 10 days for straightforward cases and 30 days for more complex ones. Transparency and efficiency in the process are emphasized, with regular monitoring and public notices to ensure compliance.
TaxTMI 
TaxTMI 
