Customs Broker Licensing requires prescribed bonds and security before licence grant, while interest on certain security instruments remains with brokers.

Before a Customs Broker licence is granted, the successful applicant must execute the prescribed compliance bond and, where required, a surety bond. The applicant must also provide prescribed security in the name of the competent customs authority for conducting Customs Broker business. Interest on postal security, a National Saving Certificate, or a fixed deposit receipt furnished as security accrues to the Customs Broker.

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