https://www.taxtmi.com/circulars?id=5970 The proposed Scheme permits SBI/MMTC to import gold on consignment and store it in private bonded warehouses outside customs areas at specified airports or branch offices. Arriving passengers file a gold declaration treated as a bill of entry; the Proper Officer will verify eligibility, assess duty, and the passenger pays duty at an SBI counter. Two endorsed copies of the declaration/bill of entry enable the passenger to collect gold from SBI/MMTC delivery points after verification and payment. SBI/MMTC may be granted private bonded warehouse licences subject to security and location requirements. en-us Thu, 01 Sep 1994 00:00:00 +0530 Mon, 29 Jun 2009 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5970 The proposed Scheme permits SBI/MMTC to import gold on consignment and store it in private bonded warehouses outside customs areas at specified airports or branch offices. Arriving passengers file a gold declaration treated as a bill of entry; the Proper Officer will verify eligibility, assess duty, and the passenger pays duty at an SBI counter. Two endorsed copies of the declaration/bill of entry enable the passenger to collect gold from SBI/MMTC delivery points after verification and payment. SBI/MMTC may be granted private bonded warehouse licences subject to security and location requirements. Circulars Customs Thu, 01 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5970