Security requirement for customs house agent licences: bonds and guaranteed securities must be furnished before licence is granted. Before licence grant the Principal Commissioner of Customs or Commissioner must obtain a bond in Form D and, if necessary, a surety bond in Form E, and require a bank guarantee, postal security or National Savings Certificate in the authority's name as security for carrying on business as a Customs House Agent. If postal security or National Savings Certificate is furnished, it must be pledged in the authority's name and the applicant shall receive the accruing interest.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Security requirement for customs house agent licences: bonds and guaranteed securities must be furnished before licence is granted.
Before licence grant the Principal Commissioner of Customs or Commissioner must obtain a bond in Form D and, if necessary, a surety bond in Form E, and require a bank guarantee, postal security or National Savings Certificate in the authority's name as security for carrying on business as a Customs House Agent. If postal security or National Savings Certificate is furnished, it must be pledged in the authority's name and the applicant shall receive the accruing interest.
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