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of <h1>CBIC Sets 4-Month Timeline for Closing Inland Container Depots and Freight Stations Under Circular No. 20/2021-Customs.</h1> The CBIC has introduced a streamlined procedure for the closure of Inland Container Depots (ICDs) and Container Freight Stations (CFSs), allowing de-notification within four months. Previously, no specific timeline was set, causing delays and difficulties for custodians. Under the new Circular No. 20/2021-Customs, custodians must apply to the jurisdictional Principal Commissioner/Commissioner of Customs to initiate de-notification. A Nodal Officer will oversee the disposal of goods at the facility, ensuring timely completion. This initiative aims to prevent unnecessary costs and delays, enhancing trade facilitation.
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