https://www.taxtmi.com/circulars?id=11553 Amendments revise recognition, certification format and liability rules for Pre shipment Inspection Agencies (PSIA) for metallic waste and scrap. Para 2.32.2A prescribes application procedure, fees, committee consideration, three year recognition with DGFT suspension/cancellation powers, and issuance of the Pre Shipment Inspection Certificate in prescribed format; existing agencies retain recognition for six months. Inserted Para 2.32.2B makes both PSIA and importer liable for mis declarations, exposing them to penalties and administrative action. Revised Appendices 5 A and 5 B set application, operational, equipment, inspector qualification and certificate content requirements. en-us Fri, 23 Mar 2012 00:00:00 +0530 Thu, 26 Apr 2012 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11553 Amendments revise recognition, certification format and liability rules for Pre shipment Inspection Agencies (PSIA) for metallic waste and scrap. Para 2.32.2A prescribes application procedure, fees, committee consideration, three year recognition with DGFT suspension/cancellation powers, and issuance of the Pre Shipment Inspection Certificate in prescribed format; existing agencies retain recognition for six months. Inserted Para 2.32.2B makes both PSIA and importer liable for mis declarations, exposing them to penalties and administrative action. Revised Appendices 5 A and 5 B set application, operational, equipment, inspector qualification and certificate content requirements. Circulars DGFT Fri, 23 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11553