Courier authorisation bond and security requirements ensure payment of unrecovered customs duty and applicable interest on cleared goods.

Regulation 11 requires an applicant for courier authorisation to execute a bond and furnish prescribed security for compliance with customs law. Security may be provided through cash, postal security, bank guarantee, or National Savings Certificate. The bond also requires payment of unlevied or short-levied duty, with applicable interest, on goods cleared by an Authorised Courier if recovery from the importer or exporter is not possible.

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