The Ministry of Finance, Department of Revenue, issued ...
The Ministry of Finance updated Sea Cargo rules, extending deadline to 31st August 2024 for old form & reducing monetary amounts to Rs. 5 lakhs for furnishing of Bond and bank guarantee.
Notifications Customs
July 1, 2024
The Ministry of Finance, Department of Revenue, issued Notification No. 47/2024-Customs (N.T.) on 30th June, 2024, amending the Sea Cargo Manifest and Transhipment Regulations, 2018. The amendment extends the validity in regulation 15 from "till 30th June 2024" to "till 31st August 2024" for furnishing the declaration in old form. Additionally, in Form XI, the monetary amounts for furnishing of Bond and bank guarantee. are revised from "Rs. ten lakhs" to "Rs. five lakhs" for various instances. This amendment is made under the Customs Act, 1962, and comes into effect upon publication in the Official Gazette. The previous amendments were notified on 28th March 2024.
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