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of <h1>Transworld Terminals appointed custodian for Kolkata imports/exports; bond and insurance required under Customs Act, 1962.</h1> M/S. Transworld Terminals Private Limited has been appointed as the custodian of imported and exported goods in FCL/LCL containers at a designated location in Kolkata, as per the Customs Act, 1962. They are required to execute a bond of Rs. 70.94 Crores for the safety and handling of goods, with insurance coverage of Rs. 195.90 Crores. The custodian must comply with regulations, provide facilities for customs operations, and ensure secure handling and storage of goods. The appointment is valid for two years, subject to review and potential extension, with the Commissioner of Customs retaining termination rights.
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