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of <h1>Customs Circular Urges Stricter Bond Verification, Uniform Procedures, and Accountability to Address Deficiencies in Monitoring.</h1> The circular addresses deficiencies in the monitoring and acceptance of bonds and bank guarantees by customs authorities, as highlighted by the Public Accounts Committee. It emphasizes the need for thorough verification of bonds' authenticity and the implementation of uniform procedures to prevent lapses. Key issues include improper documentation, casual acceptance of bonds, inadequate record-keeping, and failure to enforce bond conditions. The circular outlines corrective measures, such as maintaining a 'Forward Diary,' verifying authenticity, auditing documents, and ensuring safe custody of original bonds. It also suggests computerization of processes and holding Custom House Agents accountable for non-compliance.
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