Customs area designation streamlines establishment and notification of ICDs/CFSs with simplified selection and verification procedures. Commissioners of Customs are authorised to declare CFSs as Customs areas under Section 8, after assessing need, security, suitability and credibility, inviting public proposals where appropriate, and consulting regional committees or trade; private and public sector applicants may be considered, financial standing must be verified per existing Board guidance, selection made by the Commissioner in consultation with the regional investigative office and a constituted committee, and application format follows the Board's earlier letter, with these instructions superseding inconsistent prior guidance.
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.
Customs area designation streamlines establishment and notification of ICDs/CFSs with simplified selection and verification procedures.
Commissioners of Customs are authorised to declare CFSs as Customs areas under Section 8, after assessing need, security, suitability and credibility, inviting public proposals where appropriate, and consulting regional committees or trade; private and public sector applicants may be considered, financial standing must be verified per existing Board guidance, selection made by the Commissioner in consultation with the regional investigative office and a constituted committee, and application format follows the Board's earlier letter, with these instructions superseding inconsistent prior guidance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
