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of <h1>Banks Must Comply with Customs Act Sections 108 A & B for Data Sharing with Revenue Intelligence.</h1> All Category I Authorized Dealer banks are instructed to comply with Sections 108 A and 108 B of the Customs Act, 1962, and the related rules under Notification No. 114/2017-Customs (N.T) dated December 14, 2017. This directive pertains to data sharing with the Directorate of Revenue Intelligence and is mandated under section 10(4) of the Foreign Exchange Management Act, 1999. Compliance is required immediately.
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