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of <h1>Finance Ministry Calls for Enhanced Monitoring of Bonded Goods to Boost Import Duty Recovery and Protect Revenues.</h1> The circular from the Ministry of Finance, Department of Revenue, addresses the need for improved monitoring of bonded goods and timely recovery of import duties. It highlights that substantial amounts of import duties are tied up in warehoused goods, and current monitoring systems are inadequate. The Minister of State for Revenue has directed enhanced oversight by field officers and outlined specific measures for immediate implementation. These include stock-taking of expired bonded goods, efforts to recover duties, increased auction frequency, and regular reporting to ensure government revenues are protected. A detailed quarterly reporting system is mandated to track progress in duty recovery.
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