Custodian appointment obligations: infrastructure, insurance, bonds and liability for lost goods ensure customs compliance and security. The guidelines require custodians to provide safe, expandable premises and modern handling equipment, insure all stored goods, obtain customs concurrence for structural changes, bear security costs, furnish office and residential accommodation and transport for Customs staff, and cover costs of posted Customs personnel. Financial safeguards include a duty bond supported by bank guarantee/Government bond or cash deposit with exemptions for government undertakings, additional bonding for export/transhipment duty incentives, and custodial liability for lost or pilfered goods; subletting requires prior Commissioner approval.
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.
Custodian appointment obligations: infrastructure, insurance, bonds and liability for lost goods ensure customs compliance and security.
The guidelines require custodians to provide safe, expandable premises and modern handling equipment, insure all stored goods, obtain customs concurrence for structural changes, bear security costs, furnish office and residential accommodation and transport for Customs staff, and cover costs of posted Customs personnel. Financial safeguards include a duty bond supported by bank guarantee/Government bond or cash deposit with exemptions for government undertakings, additional bonding for export/transhipment duty incentives, and custodial liability for lost or pilfered goods; subletting requires prior Commissioner approval.
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