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of <h1>Applicants Must Secure Bond for Customs Compliance at Airports, Land Customs Stations; Refer to Customs Act, 1962</h1> The regulation mandates that applicants must execute a bond with security of ten lakh rupees at major international airports and five lakh rupees at other airports and Land Customs Stations. This security can be in cash, postal security, bank guarantee, or National Savings Certificate, in favor of the Principal Commissioner or Commissioner of Customs. The bond ensures compliance with the Customs Act, 1962, and related regulations. It also requires applicants to pay any uncollected or short-levied duties, with applicable interest, if these cannot be recovered from the importer or exporter as determined by the Assistant or Deputy Commissioner of Customs.
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