Five-year renewal of imported cargo custodianship u/s 45(1), with bonds, insurance and strict handling compliance conditions

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Full Text of the Document

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....Approval and renewal are granted under section 45(1) of the Customs Act, 1962 read with the Handling of Cargo in Customs Area Regulations, 2009, extending the entity's custodianship of imported cargo at the Integrated Cargo Terminal, Mangaluru International Airport and its appointment as a Customs Cargo Service Provider for custody and handling of imported, export, and transhipment goods. The approval is subject to continued compliance with applicable customs laws and HCCAR obligations, including execution and maintenance of prescribed bonds and bank guarantees, insurance coverage for goods held in the customs area, payment of duty on pilfered/unaccounted goods, cost-recovery charges for posted customs officers, restrictions on transfer/out.........