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of <h1>Regulations for Managing Bonded Aircraft Stores Under Section 157 of the Customs Act, 1962</h1> The Bonded Aircraft Stores (Procedure) Regulations, 1965, established under the authority of section 157 of the Customs Act, 1962, are crafted by the Central Board of Excise and Customs. These regulations outline the procedures related to the management and handling of bonded aircraft stores, which are goods stored on aircraft without incurring customs duties until they are removed for consumption or sale. The regulations aim to ensure compliance with customs requirements and streamline the process for managing these stores.
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