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of <h1>New Customs Rules: Register Intellectual Property Rights with Bonds Covering Costs and Liabilities under Customs Act, 1962</h1> The Customs Manual 2025 outlines conditions for registering intellectual property rights with Customs. Right holders must execute a bond and indemnity bond with the Commissioner of Customs to cover liabilities, destruction costs, and expenses related to infringing goods. A General Bond without security can be furnished initially, with a Consignment Specific Bond required upon interdiction. The bond amount is set at 110% of goods' value, with 25% as security. A centralized bond management system facilitates this process across ports. Registration decisions are communicated within 30 days, valid for at least one year, prohibiting import of infringing goods under the Customs Act, 1962. Right holders must report any changes to their intellectual property status promptly.
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