The Central Board of Indirect Taxes and Customs through Circular dated 16 August, 2021 has issued clarification regarding security required in cases of suspicion of misdeclaration of origin or value added regarding import goods. At the instance of such suspicion during customs clearance, a verification of certificate of origin can be requested.
The circular also provides discretionary power to commissioner of customs to decide amount of security required in cases of suspicion of misdeclaration of origin or value added regarding import goods.
