The Central Board of Indirect Taxes and Customs vide circular dated 18 May 2020 has revoked the requirement for electronic sealing of goods that are to be deposited in or removed from Customs Bonded Warehouse. The requirement was provided vide circulars dated 18.06.2018 and 07.-2.2020. These circulars are hereby rescinded considering the representations received demanding the same.
Extension of timeline for implementation of the Circular titled “Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC”
It has been decided that the said Circular shall now come into force with effect from April 01, 2025. The Regulated Entities are therefore directed