A.P. (DIR Series) Circular No. 28
All Category - I Authorised
Sharing with Directorate of Revenue Intelligence
Attention of Authorised Dealer
Category I (AD Category I) banks is invited to provisions contained in
Sections 108 A and 108 B of the Customs Act, 1962 and the Rules notified
thereunder vide GSR 1512 (E) Notification No. 114/2017-Customs (N.T) dated
December 14, 2017. All AD Category I banks are advised to ensure compliance
with the same with immediate effect.
2. The directions contained in
this circular have been issued under section 10(4) of the Foreign Exchange
Management Act (FEMA), 1999 (42 of 1999).
Chief General Manager