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of <h1>New Circular Enforces Strict Measures on Warehoused Goods Transfers to Combat Customs Duty Evasion u/s 67.</h1> The circular addresses the issue of customs duty evasion during the transfer of warehoused goods from major ports to inland stations due to inadequate monitoring and security measures. The Central Board of Excise & Customs mandates that Custom Houses enforce strict adherence to the Warehoused Goods (Removal) Regulations, 1963, requiring full bank guarantees for transfer bonds under Section 67 of the Customs Act. It also calls for rigorous monitoring of rewarehousing, immediate recovery of duties on non-compliance, review of past transfer cases, and audits of inland warehouses to prevent misuse. A compliance report is to be submitted within three months.
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