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Courier bond executed CCSPs

Customs - 42/2016 - Dated:- 31-8-2016 - Circular No. 42/2016-Customs F. No. 450/114/2015-Cus IV Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Room No. 227-B, North Block, Dated 31st August, 2016 T .....

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, All Principal Commissioners/Commissioners of Customs & Central Excise Sir/Madam, Subject-Regarding Kind attention is drawn to the Board's Circular no. 32/2013-Customs dated 16.08.2013, wherein, with regard to Regulation 5(1)(iii) of the Han .....

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red in the Customs area for a period of 30 days (based on projected capacity) and for an amount as Commissioner of Customs may specify having regard to the goods that are already insured by the importers or exporters. 2. It has been represented to th .....

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ing asked to give bond and insurance for an amount equal to the average value of goods likely to be stored, in 30 days, in the Customs area based on the projected capacity. It is further informed that the dwell time for imported goods is 10 days and .....

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or clearance of goods should be a relevant factor in deciding amount of insurance. As a measure of ease of doing business, it has been decided to partially modify the earlier Circular No. 32/2013-Customs dated 16.08.2013 with regard to Regulation 5(1 .....

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