https://www.taxtmi.com/article/detailed?id=10269 Importers must file a one time Form IGCR 1 on the common customs electronic portal to obtain an IIN, update details as needed, and furnish an authorized continuity bond securing payment of the differential duty plus interest. The IIN and bond details must be quoted on the Bill of Entry; bonds are debited electronically on home consumption clearance. Importers and job workers must maintain and produce detailed records, report non receipt in IGCR 2, and submit monthly IGCR 3 statements; breach permits bond invocation and recovery of differential duty with interest. en-us Mon, 14 Feb 2022 20:39:28 +0530 Mon, 14 Feb 2022 20:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10269 Importers must file a one time Form IGCR 1 on the common customs electronic portal to obtain an IIN, update details as needed, and furnish an authorized continuity bond securing payment of the differential duty plus interest. The IIN and bond details must be quoted on the Bill of Entry; bonds are debited electronically on home consumption clearance. Importers and job workers must maintain and produce detailed records, report non receipt in IGCR 2, and submit monthly IGCR 3 statements; breach permits bond invocation and recovery of differential duty with interest. Articles Customs - Import - Export - SEZ Mon, 14 Feb 2022 20:39:28 +0530 https://www.taxtmi.com/article/detailed?id=10269