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of <h1>Applicants for Authorized Courier Must Prove Financial Viability Under Regulation 8; Six-Month Compliance Transition Included.</h1> Regulation 8 of the Courier Imports and Exports (Clearance) Regulations, 1998, stipulates that applicants seeking registration as an Authorised Courier must demonstrate financial viability. This requires presenting a certificate from a scheduled bank or other acceptable proof to the Principal Commissioner or Commissioner of Customs, evidencing assets worth at least twenty-five lakh rupees. Additionally, declarations for the clearance of goods must be made by individuals who have passed the relevant examination under the Custom House Agents Licensing Regulations, 2004. A six-month transition period is provided for compliance with this requirement.
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