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of <h1>Chennai Customs Issues New Guidelines for Liquor Warehousing to Prevent Revenue Loss and Ensure Compliance.</h1> The circular issued by the Principal Commissioner of Customs in Chennai outlines new guidelines for warehousing liquor to prevent revenue loss and ensure compliance with state excise and VAT laws. It mandates that any person engaging in bond-to-bond liquor transactions must possess valid state excise and VAT licenses. Importers must submit self-attested copies of these licenses when executing triple duty bonds for warehousing. The guidelines are not applicable to original importers or those with special bonded warehouse licenses. The notice aims to curb customs duty evasion and ensure proper monitoring of warehoused liquor.
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