https://www.taxtmi.com/acts?id=966 Persons owning, possessing or controlling specified goods within a specified area must maintain a true and complete account in the prescribed form, update it on acquisition or transfer, and keep it with the goods at the storage place. Where such goods are used in manufacture, a separate account of the goods so used must be maintained at the intimated place. If verification shows a shortage against the accounts, a presumption arises that the missing goods were illegally exported and that the person was concerned in that illegal export. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 15 Jun 2026 17:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=966 Persons owning, possessing or controlling specified goods within a specified area must maintain a true and complete account in the prescribed form, update it on acquisition or transfer, and keep it with the goods at the storage place. Where such goods are used in manufacture, a separate account of the goods so used must be maintained at the intimated place. If verification shows a shortage against the accounts, a presumption arises that the missing goods were illegally exported and that the person was concerned in that illegal export. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=966