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of <h1>Ministry of Finance Clarifies Import Procedures for Duty-Free Indian Vessels; Filing of Bill of Entry and IGM Required.</h1> The circular from the Ministry of Finance, Department of Revenue, addresses the procedure for importing Indian vessels and the necessity of filing a Bill of Entry and Import General Manifest (IGM). It highlights that some Indian shipowners have imported vessels exempt from duty without completing these formalities. The circular clarifies that imported vessels are treated like any other imported goods, requiring the filing of necessary documents regardless of duty exemption. It instructs jurisdictional commissioners to review past cases and take appropriate actions, including adjudication if necessary, and suggests that Chief Commissioners may request a common adjudication authority for these cases.
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