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Bonded facility ---- alertness about misuse
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....rought to the notice of the field formations that an alleged fraud had been committed at Chennai wherein a CHA has defrauded the department by way of evasion of Customs duty by misusing the bond facility. 2. Available report indicates that the CHS would clear the imported raw material from Customs on the pretext of bonding. The raw material would then be taken the CHA premises wherein they woul....
TaxTMI