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of <h1>Circular Ends Rs. 5000 Fidelity Bond Requirement for Tax Recovery Officers and Inspectors Handling Cash Payments.</h1> The circular dated August 28, 1989, instructs the discontinuance of the requirement for Tax Recovery Officers (TROs) and Tax Recovery Inspectors (ITIs) to furnish fidelity insurance bonds of Rs. 5000 when handling cash payments of taxes. A study by the Directorate of Organisation and Management Services found these bonds unnecessary, as officers involved in search and seizure operations, who also handle cash, are not required to provide similar bonds. The circular advises that any existing bonds should be discontinued and instructs regional offices to inform all officers of this change.
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