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of <h1>Ministry of Finance Sets New Rules for Ex-Bond Bills: Countersignature Needed for High-Value and First-Time Assessments.</h1> The circular from the Ministry of Finance outlines the procedure for scrutinizing ex-bond bills of entry for goods cleared from inland bonded warehouses. It emphasizes the need for Assistant Collectors to countersign bills of entry, particularly when the total value exceeds twenty thousand rupees, when products are being assessed for the first time, or when reassessments have been conducted by the Superintendent. Additionally, all bills of entry should be sent for post-audit after clearance to ensure compliance and mitigate revenue risks. These measures aim to enhance oversight and safeguard revenue collection.
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