TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Importers Must Execute Triple Duty Bonds Under Section 59 of Customs Act, 1962 for Warehousing Compliance.</h1> Section 59 of the Customs Act, 1962 mandates that importers present a warehousing bill of entry and execute a bond triple the assessed duty amount. This bond ensures compliance with the Act, timely payment of duties and interest, and covers penalties for any contraventions. The Assistant or Deputy Commissioner of Customs may allow a general bond for goods warehousing within a specified period. Importers must also provide prescribed security. Bonds remain valid even if goods are transferred to another warehouse, and transferees must execute a new bond and furnish security as required.
TaxTMI 
TaxTMI 
