https://www.taxtmi.com/circulars?id=56470 Extension of custodianship as a Customs Cargo Service Provider is granted subject to statutory compliance, execution and renewal of prescribed custodian and continuity bonds and contingency insurance. The custodian is strictly liable for loss, pilferage, theft, fire or damage to goods in its custody or during transit and must pay duty and penalties for goods lost after entry. Operational duties include provision of specified infrastructure, security, tracking systems, separate storage, customs accommodation, and publication of charges, together with comprehensive recordkeeping and non-transferability of core functions without permission. en-us Mon, 27 Nov 2017 00:00:00 +0530 Thu, 30 Nov 2017 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56470 Extension of custodianship as a Customs Cargo Service Provider is granted subject to statutory compliance, execution and renewal of prescribed custodian and continuity bonds and contingency insurance. The custodian is strictly liable for loss, pilferage, theft, fire or damage to goods in its custody or during transit and must pay duty and penalties for goods lost after entry. Operational duties include provision of specified infrastructure, security, tracking systems, separate storage, customs accommodation, and publication of charges, together with comprehensive recordkeeping and non-transferability of core functions without permission. Circulars Customs Mon, 27 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56470