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of <h1>Shipping Agents Must Comply with Continuity Bonds for Container Imports, Risk Penalties Under Customs Act, 1962.</h1> Steamer Agents and Shipping Lines are reminded to adhere to the conditions of Continuity Bonds for the temporary importation of durable containers, as per the Ministry of Finance's notifications. It has been observed that some parties are failing to re-export containers within the required six months or seek extensions, and are not submitting necessary monthly statements. Non-compliance will result in enforcement actions to recover customs duties with interest under the Customs Act, 1962, and may lead to additional penalties. All parties are urged to comply with these requirements to avoid enforcement actions.
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