https://www.taxtmi.com/circulars?id=6001 The circular identifies failures in execution, verification, custody and follow up of bonds and bank guarantees by Custom Houses and prescribes corrective measures: strict compliance with manual procedures, maintenance of prescribed bond registers (CBR CUS. No. 321) and a Forward Diary, acceptance of bonds in presence of an appraiser with verification of bonder authenticity and witness status, spot verification of bank guarantee signatures (with bank confirmation for large amounts), safe custody of original bonds in cash department, monthly audits and pendency abstracts, avoidance of finalisation on photocopies, creation of a common bond cell, prompt enforcement on expiry, and use of computerisation for monitoring. en-us Tue, 02 Jul 1991 00:00:00 +0530 Mon, 29 Jun 2009 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6001 The circular identifies failures in execution, verification, custody and follow up of bonds and bank guarantees by Custom Houses and prescribes corrective measures: strict compliance with manual procedures, maintenance of prescribed bond registers (CBR CUS. No. 321) and a Forward Diary, acceptance of bonds in presence of an appraiser with verification of bonder authenticity and witness status, spot verification of bank guarantee signatures (with bank confirmation for large amounts), safe custody of original bonds in cash department, monthly audits and pendency abstracts, avoidance of finalisation on photocopies, creation of a common bond cell, prompt enforcement on expiry, and use of computerisation for monitoring. Circulars Customs Tue, 02 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6001