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<h1>Customs Board Circular: Timely Show Cause Notices Essential to Prevent Revenue Loss and Avoid Time-Barred Demands.</h1> The circular from the Central Board of Excise & Customs addresses the issue of revenue loss due to the failure to issue demands within the prescribed time limit. It highlights instances where demands become time-barred due to delays in issuing show cause notices, resulting in revenue loss. The Board emphasizes adherence to previous instructions to ensure timely issuance of demands by proper officers. It warns that any failure to comply will result in appropriate action against responsible officers. The circular aims to prevent revenue loss by ensuring timely administrative actions in response to audit objections.