Outsourcing / Sub-letting / Transfer of Operations by CFS/ICD - Clarification - reg.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dated the 25th July, 2008 . To All Chief Commissioners of Customs. All 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/I .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lso has the authority to de-notify or take away the custodianship in case of non-compliance by observing the 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 s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ons of CFS/ICD should be permitted and to give approval or reject the same after taking into account the concerns 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 ou .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X