Courier Bond Executed CCSPs

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....CCSPs is invited to the C.B.E.C Circular No. 42/2016-Customs dated 31.08.2016 on the above subject matter. 2. In this connection Board's Circular No. 32/2013-Customs dated 16.08.2016 may also be referred, wherein with regard to Regulation of the Handling of Cargo in Customs Area Regulations,2009 (hereinafter referred to as HCCAR), it was laid down that the amount of insurance to be provided....

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....med that that the dwell time for imported goods is 10 days and transit time for export container is less than 24 hours. 3. The matter has been examined. Board is of view that for calculating average value of goods likely to be stored in Customs area, under Regulation 5(1)(iii) of HCCAR, average time taken for clearance of goods should be a relevant factor in deciding amount of insurance. As a m....