Customs House Agent licensing tightened with annual exams, mandatory client due diligence and expedited suspension timelines. Amends the Customs House Agents Licensing Regulations, 2004 to require annual licensing examinations and to deem certain prior examinees successful if declared so on a specified written test covering patents and copyright, central excise, export promotion schemes, appeal procedure, Prevention of Corruption law, electronic customs filing, narcotics law and foreign exchange law. Introduces a specific client due-diligence duty to verify antecedents and IEC accuracy using reliable documents. Expedites suspension and disciplinary timelines by mandating suspension within fifteen days of an investigating report, permitting expedited hearings and revising notice, report submission and decision periods under regulation 22.
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Customs House Agent licensing tightened with annual exams, mandatory client due diligence and expedited suspension timelines.
Amends the Customs House Agents Licensing Regulations, 2004 to require annual licensing examinations and to deem certain prior examinees successful if declared so on a specified written test covering patents and copyright, central excise, export promotion schemes, appeal procedure, Prevention of Corruption law, electronic customs filing, narcotics law and foreign exchange law. Introduces a specific client due-diligence duty to verify antecedents and IEC accuracy using reliable documents. Expedites suspension and disciplinary timelines by mandating suspension within fifteen days of an investigating report, permitting expedited hearings and revising notice, report submission and decision periods under regulation 22.
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