Warehousing - Adding new column in the form of ex-bond Bills of Entry.

Document Text

Warehousing-Adding new column in the form of ex-bond Bills of Entry F.No.483/16/89-Cus.VII Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs New Delhi, dated 25-3-1991. Subject: Warehousing - Adding new column in the form of ex-bond Bills of Entry - Instructions - Regarding. A number of audit objections have been received by the Board wherein interest on the amount of customs duty was not levied properly resulting in non-- recovery of Government dues in time. To avoid such adverse criticism of audit, Board has decided that a new column in the form of ex-bond Bills of Entry may be introduced for giving 'Details of Bond-interest collected', with immediate effect just below the column for 'Date of removal of goods from the warehouse' which must incorporate the following details; (a) Date of first extension of warehousing period; (b) Amount of interest collected; and (c) Period for which interest collected. 2. All the Collectors may please make necessary addition in the Ex-bond Bills of Entry form so that interest on customs duty on the warehoused goods is collected in time and may not escape the notice of the concerned officers/ assessing Officers.

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