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of <h1>Automation of Customs Rules 2017: Electronic Submissions, Monthly Statements, and New Procedures Effective March 1, 2022.</h1> The circular announces the automation of the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, effective from March 1, 2022. The amendments streamline procedures by enabling electronic submissions through a common portal, eliminating individual transaction permissions, and requiring monthly statements from importers. Key changes include standardized forms, electronic payment options, and provisions for inter-unit transfers. Importers must provide a one-time prior intimation of intent and maintain electronic records of bonds and bank guarantees. The circular also outlines procedures for job work, inter-unit transfers, and utilization of goods, with penalties for non-compliance. Transition measures and support for importers during implementation are provided.
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