Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Custodians must notify importers or authorised Customs Brokers of the Section 49 storage facility where Customs-held goods are likely to remain uncleared beyond prescribed periods, and issue follow-up reminders if clearance remains pending. For delays arising from sample testing, statutory NOCs or discrepancies after open examination, the concerned Customs officer must similarly notify the importer. Custodians, CFSs, shipping lines, shipping agents and other cargo service providers must maintain communications and records. Failure to comply may be treated as breach of cargo-area regulatory obligations and attract action. The facility creates no automatic right to permission, waiver or relief, and does not alter disposal procedures for unclaimed or uncleared goods.
Custodians must notify importers or authorised Customs Brokers of the Section 49 storage facility where Customs-held goods are likely to remain uncleared beyond prescribed periods, and issue follow-up reminders if clearance remains pending. For delays arising from sample testing, statutory NOCs or discrepancies after open examination, the concerned Customs officer must similarly notify the importer. Custodians, CFSs, shipping lines, shipping agents and other cargo service providers must maintain communications and records. Failure to comply may be treated as breach of cargo-area regulatory obligations and attract action. The facility creates no automatic right to permission, waiver or relief, and does not alter disposal procedures for unclaimed or uncleared goods.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
