Custodian appointment extension at a customs CFS requires bond compliance, procedural adherence, and periodic review. Extension of custodian appointment for CONCOR at the CFS in Kolkata under section 45(1) of the Customs Act, 1962, for a further five years from 01.03.2016, subject to periodic review by the Commissioner of Customs (Port). CONCOR must execute a bond of Rupees Twenty Crores with surety for the safety, storage and transhipment of goods before commencing import or export operations, and must continue to follow the earlier public notice conditions, prescribed procedures and Board instructions.
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Provisions expressly mentioned in the judgment/order text.
Custodian appointment extension at a customs CFS requires bond compliance, procedural adherence, and periodic review.
Extension of custodian appointment for CONCOR at the CFS in Kolkata under section 45(1) of the Customs Act, 1962, for a further five years from 01.03.2016, subject to periodic review by the Commissioner of Customs (Port). CONCOR must execute a bond of Rupees Twenty Crores with surety for the safety, storage and transhipment of goods before commencing import or export operations, and must continue to follow the earlier public notice conditions, prescribed procedures and Board instructions.
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