https://www.taxtmi.com/acts?id=55095 Vault manager liability applies to loss of or injury to stored bullion. Damage or loss despite reasonable care requires compensation based on the bullion's value at deposit, while negligence requires compensation based on its value on the date of damage or loss. No responsibility arises for loss, destruction, damage or deterioration caused by a force-majeure event. Vault managers must maintain adequate insurance for risks specified by the bullion depository or the Authority. en-us Sat, 12 Sep 2026 13:46:35 +0530 Sat, 12 Sep 2026 13:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55095 Vault manager liability applies to loss of or injury to stored bullion. Damage or loss despite reasonable care requires compensation based on the bullion's value at deposit, while negligence requires compensation based on its value on the date of damage or loss. No responsibility arises for loss, destruction, damage or deterioration caused by a force-majeure event. Vault managers must maintain adequate insurance for risks specified by the bullion depository or the Authority. Act-Rules Indian Laws Sat, 12 Sep 2026 13:46:35 +0530 https://www.taxtmi.com/acts?id=55095