https://www.taxtmi.com/article/detailed?id=9674 The amendments insert definitions for capital goods, job work, manufacture and output service; impose information duties requiring importers to notify jurisdictional customs officers of importer/job worker details, intended processes, and to report receipt of imported goods within two days; mandate maintenance of detailed accounts and submission of a prescribed quarterly return with transactional and stock particulars; establish a job work procedure with challan control and a six month limit; authorize re export or clearance of unutilized or defective goods with duty differential and interest; allow clearance of used capital goods on depreciated value; and provide for recovery, bond invocation and a monetary penalty for contraventions. en-us Tue, 09 Feb 2021 09:38:54 +0530 Tue, 09 Feb 2021 09:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9674 The amendments insert definitions for capital goods, job work, manufacture and output service; impose information duties requiring importers to notify jurisdictional customs officers of importer/job worker details, intended processes, and to report receipt of imported goods within two days; mandate maintenance of detailed accounts and submission of a prescribed quarterly return with transactional and stock particulars; establish a job work procedure with challan control and a six month limit; authorize re export or clearance of unutilized or defective goods with duty differential and interest; allow clearance of used capital goods on depreciated value; and provide for recovery, bond invocation and a monetary penalty for contraventions. Articles Customs - Import - Export - SEZ Tue, 09 Feb 2021 09:38:54 +0530 https://www.taxtmi.com/article/detailed?id=9674