Custodianship obligations require bonded insurance, EDI connectivity and liability for pilferage, with strict outsourcing limits and performance ties. Appointment of M/s. Central Warehousing Corporation as custodian at the Container Freight Station is made under Section 45(1) of the Customs Act, 1962, with obligations to comply with Section 45(3) and Handling of Cargo in Customs Areas Regulations, 2009. The custodian must insure goods, execute bonds and bank guarantees for duty and export transhipments, bear liability for loss or pilferage and pay duty on lost goods, provide specified infrastructure and EDI connectivity, maintain records and demarcated storage, ensure safe transit and verify transporters, restrict outsourcing to limited non-core tasks, and submit compliance reports while remaining subject to termination and performance-linked cost recovery conditions.
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Custodianship obligations require bonded insurance, EDI connectivity and liability for pilferage, with strict outsourcing limits and performance ties.
Appointment of M/s. Central Warehousing Corporation as custodian at the Container Freight Station is made under Section 45(1) of the Customs Act, 1962, with obligations to comply with Section 45(3) and Handling of Cargo in Customs Areas Regulations, 2009. The custodian must insure goods, execute bonds and bank guarantees for duty and export transhipments, bear liability for loss or pilferage and pay duty on lost goods, provide specified infrastructure and EDI connectivity, maintain records and demarcated storage, ensure safe transit and verify transporters, restrict outsourcing to limited non-core tasks, and submit compliance reports while remaining subject to termination and performance-linked cost recovery conditions.
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