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of <h1>Customs Update: Insurance for CCSPs Now Covers 10-Day Average Goods Value, Not 30 Days, to Ease Business.</h1> The public notice addresses Customs Cargo Service Providers (CCSPs) regarding the calculation of insurance and bond amounts under the Handling of Cargo in Customs Area Regulations (HCCAR), 2009. It references Circular No. 42/2016-Customs and modifies Circular No. 32/2013-Customs. The notice clarifies that insurance should cover the average value of goods stored for 10 days, instead of 30 days, to reflect actual dwell and transit times. This change aims to facilitate ease of doing business. The notice instructs wide dissemination of these changes within the relevant commissionerates, with the approval of the Chief Commissioner.
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