TaxTMI 
TaxTMI 
ICDs/CFSs-Simplified Procedure
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....rculars issued from time to time regarding setting up of ICDs / CFSs by the Public Sector Undertakings as well as by the Private Sector Undertakings. In view of growing demand for setting ICDs /CFSs in hinterland and to keep pace with fast growing import / export, it has been decided to simplify the procedure for setting up ICDs/ CFSs 2. The Container Freight Station (CFS) is not a Customs Stati....
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....ng upon the location, workload and other related factors, Commissioners of Customs can devise the Customs work in such CFS. 3. Commissioners of Customs are authorised to notify a CFS as a Customs area under Section 8 of the Customs Act in any place declared by the central Government as a Customs station under Section 7 of the Customs Act. However, before declaring a CFS, the Commissioners may as....
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....missioners are required to notify it under Section 8 of the Customs Act, as early as possible, after ensuring suitability and other criteria for such declaration. 5. Notifying a CFS as a Customs Area need not be restricted to Public Sector of Joint Sector units. Proposals from private sector could also be considered on merits, taking into account the Government policy of opening of CFS. 6. Bef....
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....ade by the Commissioner stationed at the city in consultation with Regional office of DRI, and by constituting a committee of officers from the Commissionerate and or from the trade and other interests. e. The guidelines on the undertaking to be given by the Custodians to set up and operate ICDs/ CFSs are issued vide Circular No. 128/95 dated 14.12.95 from Board's F.No. 434/ 12/ 92- Cus.IV. f.....