https://www.taxtmi.com/circulars?id=70534 Importers claiming Basic Customs Duty exemption for vessel-repair spare parts and consumables must maintain and periodically submit accounts of import, use and consumption. The account must identify each Bill of Entry, the imported and utilised quantities, duty foregone and vessel end use, with prescribed vessel and fitment details. Bond cancellation requires evidence that exemption conditions were fulfilled, including a fitment certificate endorsed by the Vessel Chief Engineer and Vessel Master, submitted within one year from the Bill of Entry date. en-us Thu, 13 Nov 2025 00:00:00 +0530 Tue, 28 Jul 2026 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70534 Importers claiming Basic Customs Duty exemption for vessel-repair spare parts and consumables must maintain and periodically submit accounts of import, use and consumption. The account must identify each Bill of Entry, the imported and utilised quantities, duty foregone and vessel end use, with prescribed vessel and fitment details. Bond cancellation requires evidence that exemption conditions were fulfilled, including a fitment certificate endorsed by the Vessel Chief Engineer and Vessel Master, submitted within one year from the Bill of Entry date. Circulars Customs Thu, 13 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70534