Transfer of imported goods for rewarehousing from major ports to inland warehousing stations - need for adequate security for customs duty

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.... of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs New Delhi Subject : Transfer of imported goods for rewarehousing from major ports to inland warehousing stations - need for adequate security for customs duty - Regarding. Large scale evasion of customs duty have been detected in cases of transfer of warehoused goods from the major ports to interior wareho....

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....ion 67 of the Customs Act should be backed with full bank guarantee to ensure recovery of customs duty immediately on default, as provided under warehoused goods (Removal) Regulations, 1963; (ii) The rewarehousing of the goods allowed to be transferred should be strictly monitored and immediate action should be taken to recover the duty in cases where the rewarehousing certificates are not produc....