TaxTMI 
TaxTMI 
Outsourcing / Sub-letting / Transfer of Operations by CFS/ICD - Clarification - reg.
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....l Chief Commissioners of Customs & Central Excise. All Commissioners of Customs All Commissioners of Customs & Central Excise. All Directorates General / Directorates under CBEC. The Comptroller & Auditor General of India. Subject: Outsourcing / Sub-letting / Transfer of Operations by CFS/ICD - Clarification - reg. Sir / Madam, It has been brought to the notice of the Board that in ce....
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....he principles of natural justice. 3. The approval of the Government for setting up an ICD / CFS is given to the person who had applied for the same and hence, trading in custodianship, in full or in part, is against the principle of custodianship vested on the person to whom approval for setting up of an ICD / CFS and Letter of Intent was given. Hence, transfer of custodianship by way of lease, ....
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....s of the revenue for safeguarding the duty on imported goods and ensuring that the custodian duly appointed by the Commissioner on the approval of Inter-Ministerial Committee (IMC) continues to be held responsible for proper discharge of his functions including the ones that have been outsourced with prior permission. 5. Board had also noted that earlier, in case of violations of the conditions ....