Amendment to Ch IX of the Customs Act, 1962 - Bond required to be filed under section 59

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Full Text of the Document

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....be filed under section 59 - Reg. Attention of all the Importers, Customs Brokers and the Members of the Trade is invited to the Board's Circular No. 18/2016-Customs dated 14.5.2016 on the above subject. 2. Pursuant to the enactment of the Finance Bill 2016, Section 59 of the Customs Act, 1962 stands amended consequent to which, an importer is to execute a triple duty bond at the Customs st....