Vessel port clearance: security deposit waived when Section 42 conditions are met; otherwise shipping line/agent must provide a bond. The practice of taking fixed revenue security deposits from vessels for port clearance is dispensed with where the conditions of Section 42 of the Customs Act, 1962 are complied with prior to departure; if required documents are not produced, the shipping line/agent must submit a prescribed bond securing production of documents and payment of any fines, penalties or dues, with the Assistant/Deputy Commissioner responsible for acceptance, recordkeeping, monitoring and closure of such bonds.
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.
Vessel port clearance: security deposit waived when Section 42 conditions are met; otherwise shipping line/agent must provide a bond.
The practice of taking fixed revenue security deposits from vessels for port clearance is dispensed with where the conditions of Section 42 of the Customs Act, 1962 are complied with prior to departure; if required documents are not produced, the shipping line/agent must submit a prescribed bond securing production of documents and payment of any fines, penalties or dues, with the Assistant/Deputy Commissioner responsible for acceptance, recordkeeping, monitoring and closure of such bonds.
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