https://www.taxtmi.com/circulars?id=63050 The practice of taking fixed revenue security deposits from vessels for port clearance is dispensed with where the conditions of Section 42 of the Customs Act, 1962 are complied with prior to departure; if required documents are not produced, the shipping line/agent must submit a prescribed bond securing production of documents and payment of any fines, penalties or dues, with the Assistant/Deputy Commissioner responsible for acceptance, recordkeeping, monitoring and closure of such bonds. en-us Thu, 22 Mar 2007 00:00:00 +0530 Wed, 11 Feb 2026 15:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63050 The practice of taking fixed revenue security deposits from vessels for port clearance is dispensed with where the conditions of Section 42 of the Customs Act, 1962 are complied with prior to departure; if required documents are not produced, the shipping line/agent must submit a prescribed bond securing production of documents and payment of any fines, penalties or dues, with the Assistant/Deputy Commissioner responsible for acceptance, recordkeeping, monitoring and closure of such bonds. Circulars Customs Thu, 22 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63050