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<h1>Mangaluru International Airport cargo custodianship extended five years; operator bound by customs compliance and insurance obligations.</h1> Approval extends M/s. Mangaluru International Airport Ltd.'s custodianship and appointment as Customs Cargo Service Provider at the Integrated Cargo Terminal for five years under Section 45(1) of the Customs Act and HCCAR, 2009, following submission of Form A, requisite import/export and transshipment bonds with bank guarantees and a general insurance policy. The extension is conditional on compliance with customs laws and HCCAR provisions, payment for duties on pilfered goods, mandated insurance equal to 30 day average stored value, provision of infrastructure and manpower, cost recovery for customs officers, prohibition on transfer or outsourcing without permission, and detailed recordkeeping.
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