TMI BlogM/s Central Warehousing CorporationX X X X Extracts X X X X X X X X Extracts X X X X ..... State until they are cleared for home consumption or warehoused or transshipped in accordance with the provisions of Chapter VIII of the Act ibid and also for the goods intended for export till they are exported subject to certain conditions specified therein. The said appointment was renewed from time to time and the last renewal was approved vide Notification No. 01/2012 (NT) dated 09.04.2012 and was amended vide notification 01/2014 (NT) dated 11.4.2014 for the period up to 18.02.2016. 2. M/S. Central Warehousing Corporation, vide their letter dated 7.11.2015 have applied for renewal of their Cargo Custodianship at CFS, CWC, Whitefield, Bengaluru. The Custodians have executed a Custodian cum Carrier Bond of ₹ 75 Crores (Rupees S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tody of the Custodian, then, in terms of the provisions of Section 45 (3) of the Customs Act, 1962, they shall be liable to pay duty on such goods as applicable. (iii) The goods shall be stored in the Customs Area located falling under the Survey Nos. 101, 108, 109 CA Common Amenities) at EPIP, Whitefield, Bengaluru, Karnataka. 4. Insurance of all goods held in Customs area shall be made by the Custodian. The Custodian is responsible for any loss arising on account of fire, theft, pilferage etc and make good the loss to the importer and this liability is unambiguously of the custodian in any legal proceedings that may follow on account of fire, theft, pilferage etc. 5. The custodian shall give a separate bond as prescribed by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the nearest railway-head or suitable point. 12. The goods which are not cleared for home consumption or warehoused or transshipped or exported within 30 days of unloading thereof, at Customs Stations or within such further time as the proper officer may allow or if the title to any imported or export goods is relinquished, shall not be sold under Section 48 of the Customs Act, 1962 or otherwise by the Custodian unless the permission is sought from the proper officer of the Customs. 13. The Custodian shall also ensure that the time taken for-to fro movements of goods between CWC, Bangalore, and gateway ports should not exceed more than 5 days, and shall ensure safe transit of the Cargo. The Custodian shall take all effective steps i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... security and access control to prohibit unauthorized access into the premises, and (n) such other facilities as the Commissioner of Customs may specify having regard to the custody and handling of imported or export goods in a customs area; (ii) safe, secure and spacious premises for loading, unloading, handling and storing of the cargo for the projected capacity and for the examination and other operations as may be required in compliance with any law for the time being in force; (iii) insurance for an amount equal to the average value of goods likely to be stored in the customs area based on the projected capacity, and for an amount as the Commissioner of Customs may specify having regard to the goods which have already been ins ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... riterion as the Commissioner of Customs may specify having regard to the custody and handling of imported goods in a customs area; (e) demarcate separate areas for loading of export goods for their storage with respect to categories of exporters, nature of goods, examined and sealed containers or other criterion as the Commissioner of Customs may specify having regard to the custody and handling of export goods in a customs area; (f) not permit goods to be removed from the customs area, or otherwise deal with, except under and in accordance with the permission in writing of the proper officer; (g) not permit any export cargo to enter the customs area without a Shipping Bill or a bill of export having been filed with the proper offi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the provisions of the Act and the rules, regulations, notifications and orders issued there under. (2) The custodian shall not lease, gift, sell or sublet or in any other manner transfer any of the premises in a customs area; or sub contract or outsource functions permitted or required to be carried out by him in terms of these regulations to any other person, without the written permission of the Commissioner of Customs. (3) The custodian shall publish and display the schedule of charges for the various services provided by him in relation to the imported goods or export goods in the customs area. 16. The Custodian shall provide adequate infrastructure for computerization and link with the Customs EDI at ICDs/CFS, so that the cust ..... X X X X Extracts X X X X X X X X Extracts X X X X
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