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of <h1>Customs Department Warns Bonded Warehouses: Submit Monthly Goods Statements or Face Adjudication Under Customs Act, 1962.</h1> The Customs Department has issued a notice to all bonded warehousing licensees, highlighting the requirement to submit monthly statements of warehoused goods as per the Warehouse Regulations, 2016. Despite previous directives, some licensees have failed to comply with the mandate of submitting these reports within ten days after the month's end. Licensees are reminded to adhere to this requirement, as future non-compliance will lead to adjudication proceedings under the Customs Act, 1962. The notice emphasizes the importance of maintaining records digitally as outlined in earlier circulars.
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