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of <h1>Ministry of Finance Urges Strict Monitoring of Bank Guarantees and Bonds to Prevent Revenue Losses.</h1> The circular from the Ministry of Finance, Department of Revenue, emphasizes the importance of monitoring bank guarantees and bonds to prevent revenue loss due to their expiration without enforcement. Collectors are instructed to establish a mechanism for personal oversight to ensure timely enforcement or revalidation of these financial instruments. Additionally, the Director General of Inspection will oversee the monitoring process on a Collectorate level to ensure compliance with these directives. This reiterates previous instructions aimed at safeguarding against potential revenue losses.
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