https://www.taxtmi.com/circulars?id=54774 Custodianship is extended under Section 45(1) of the Customs Act subject to compliance with Section 45(3), the Handling of Cargo in Customs Areas Regulations, and all applicable laws. The custodian must maintain prescribed bonds and insurance, execute fresh bonds on expiry including separate export transshipment bonds, and is liable for duty and loss arising from fire, theft, pilferage or transit damage. Operational obligations include segregation and secure storage of imports, exports and transhipment cargo, provision of infrastructure, EDI connectivity with Customs, record-keeping, restricted movement of goods without proper officer permission, and publishing a schedule of charges. en-us Tue, 16 Feb 2016 00:00:00 +0530 Wed, 12 Oct 2016 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54774 Custodianship is extended under Section 45(1) of the Customs Act subject to compliance with Section 45(3), the Handling of Cargo in Customs Areas Regulations, and all applicable laws. The custodian must maintain prescribed bonds and insurance, execute fresh bonds on expiry including separate export transshipment bonds, and is liable for duty and loss arising from fire, theft, pilferage or transit damage. Operational obligations include segregation and secure storage of imports, exports and transhipment cargo, provision of infrastructure, EDI connectivity with Customs, record-keeping, restricted movement of goods without proper officer permission, and publishing a schedule of charges. Circulars Customs Tue, 16 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54774