TIR Carnet transit guarantee secures customs liabilities and prescribes sealed container procedures and claim mechanisms for cross border road transport. The circular prescribes India's operational framework for TIR Carnet transit: the carnet functions as the customs transit declaration and international guarantee issued by the NGA; customs at departure, transit and destination must verify cargo, apply seals, retain and exchange vouchers and counterfoils, and follow specified inquiry and notification procedures for irregularities. FICCI, as NGA, guarantees liabilities subject to a per carnet ceiling and exclusions; authorities must pursue directly liable persons before claiming the guarantee, and claims are converted at Board notified exchange rates with defined timelines for notice and payment.
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Provisions expressly mentioned in the judgment/order text.
TIR Carnet transit guarantee secures customs liabilities and prescribes sealed container procedures and claim mechanisms for cross border road transport.
The circular prescribes India's operational framework for TIR Carnet transit: the carnet functions as the customs transit declaration and international guarantee issued by the NGA; customs at departure, transit and destination must verify cargo, apply seals, retain and exchange vouchers and counterfoils, and follow specified inquiry and notification procedures for irregularities. FICCI, as NGA, guarantees liabilities subject to a per carnet ceiling and exclusions; authorities must pursue directly liable persons before claiming the guarantee, and claims are converted at Board notified exchange rates with defined timelines for notice and payment.
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