Similar Benefits for Customs Cargo Service Provider
AS per the proviso to Regulation 5(3) of the Handling of Cargo in Customs Areas Regulations, 2009, Major Ports, the Central Government or State Governments or their undertakings are not required to furnish bank guarantee or cash deposit. Now this facility is extended to Customs Cargo Service provider authorised under Authorised Economic Operator Programme.
As per Regulation 10(2), the Customs Commissioner may extend the approval for a period of five years at a time. Now, in case of Customs Cargo Service provider authorised under Authorised Economic Operator Programme, the approval granted may be extended for a further period of ten years at a time.
Notification No., Dated: November 16, 2012