Standing Committee for trade and industry reviews to meet quarterly and forward recommendations to the Board. A Standing Committee is established to review problems and representations of trade and industry on customs and central excise matters, functioning as a preparatory consultative body to assist the Customs and Central Excise Advisory Council. It will include senior departmental officers and two rotating trade association nominees, deliberate on refund procedures, clearance and movement of goods, inter Custom House anomalies, Modvat admissibility, and warehousing/bonding, while excluding classification, valuation, duty rate issues and matters under adjudication or appeal. Meetings will be held at the DGI's office quarterly, with a Deputy Director serving as Secretary, and recommendations forwarded to the Board and Council.