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of <h1>Logistics Company Secures 10-Year Custodian Extension at Bengaluru Airport under Customs Act 1962; Must Meet Stringent Regulations.</h1> The appointment of a logistics company as the custodian for its courier consignments at a major airport in Bengaluru has been extended for ten years, until October 30, 2033. This decision, made under the Customs Act, 1962, requires the custodian to comply with various regulations, including the handling, storage, and accountability for goods. The custodian is responsible for any loss or pilferage and must provide adequate infrastructure, security, and facilities for customs operations. They are also required to execute a bond and ensure insurance coverage for the premises. Non-compliance may result in de-notification or relocation of activities.
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