https://www.taxtmi.com/circulars?id=6038 Mandated stock-taking and immediate initiation of assessment and recovery proceedings for consignments whose warehousing period (including extensions) has expired; if importers fail to pay, goods may be detained and auctioned under Section 72(2), with increased auction frequency and dedicated supervisory officers. Collectorates must submit quarterly returns detailing number of consignments, value of goods and duty involved, and include recovery progress in monthly administration reports; special reporting on time-expired machinery consignments is required to inform warehousing policy. en-us Thu, 28 Jul 1988 00:00:00 +0530 Mon, 29 Jun 2009 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6038 Mandated stock-taking and immediate initiation of assessment and recovery proceedings for consignments whose warehousing period (including extensions) has expired; if importers fail to pay, goods may be detained and auctioned under Section 72(2), with increased auction frequency and dedicated supervisory officers. Collectorates must submit quarterly returns detailing number of consignments, value of goods and duty involved, and include recovery progress in monthly administration reports; special reporting on time-expired machinery consignments is required to inform warehousing policy. Circulars Customs Thu, 28 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6038