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Custodian obligations require facility readiness, statutory notifications, bonded storage and liability for pilfered cargo. After issuance of the LOI applicants must operationalise the facility within the LOI period, submit monthly progress reports, and seek statutory notifications for ICD/AFS/CFS status, landing-place approval, customs-area limits and declaration as Custodian; notifications depend on readiness and compliance with the Handling of Cargo in Customs Areas Regulations, 2009 and creation of cost-recovery posts. Once notified, the custodian must comply with the Customs Act, related laws (rail, labour, environment, legal metrology, food safety), execute a bond for goods, maintain secure handling and records, face liability for pilfered goods, and obtain prior approval for subletting functions.
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Provisions expressly mentioned in the judgment/order text.
<h1>Custodian obligations require facility readiness, statutory notifications, bonded storage and liability for pilfered cargo.</h1> After issuance of the LOI applicants must operationalise the facility within the LOI period, submit monthly progress reports, and seek statutory notifications for ICD/AFS/CFS status, landing-place approval, customs-area limits and declaration as Custodian; notifications depend on readiness and compliance with the Handling of Cargo in Customs Areas Regulations, 2009 and creation of cost-recovery posts. Once notified, the custodian must comply with the Customs Act, related laws (rail, labour, environment, legal metrology, food safety), execute a bond for goods, maintain secure handling and records, face liability for pilfered goods, and obtain prior approval for subletting functions.
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