Customs broker security deposit ensures liability for misconduct and permits recovery from deposit after licence cessation. A customs broker must furnish a security deposit as required by the Customs Brokers Licensing Regulations, 2018, binding the broker and their heirs to pay sums due to the Government arising from the broker's or their employees' misfeasance or negligence. The President of India may apply the deposited security to make good any short collection of duty or other charges, including amounts unpaid despite demands under the Customs Act, and the security shall remain for twelve calendar months after the broker ceases to act to cover post-cessation liabilities.