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of <h1>Finance Bill 2013: Clause 72 Introduces Licensing Requirements for Customs Brokers Under New Section 146 of Customs Act.</h1> Clause 72 of the Finance Bill, 2013 proposes replacing section 146 of the Customs Act with a new section titled 'Licence for customs brokers.' This section mandates that individuals must hold a valid licence to operate as customs brokers at customs stations. The Board is empowered to create regulations detailing the authority for granting licences, licence validity, form, fees, qualifications for applicants and employees, examination procedures, licence conditions, and circumstances for licence suspension or revocation. It also outlines the process and timeframe for appealing suspension or revocation decisions. The term 'customs house agents' is replaced with 'customs brokers' to align with international standards.
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