Courier bond executed CCSPs

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....ers concerned is invited to Board's Circular No.42/2016-Customs dated 31.08.2016 on the above cited subject. As per Board's Circular No. 32/2013-Customs dated 16.08.2013 issued in connection with Regulation 5(1)(iii) 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 by Customs Cargo Se....

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....me 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 the 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 clear6nce of goods should be a relevant factor in deciding amount of insurance. As a measure of ease of doing ....