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Regulation 8 - Conditions to be fulfilled by the applicant. - Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010Extract 8. Conditions to be fulfilled by the applicant. - (1) The person applying for registration as an Authorised Courier shall disclose to the satisfaction of the 2 [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] that he is financially viable and in support thereof he shall produce to the said 2 [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] a certificate issued by a scheduled bank or such other proof acceptable to the 2 [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] evidencing possession of assets of a value not less than twenty five lakh rupees. (2) The electronic declaration for clearance of imported or export goods shall be made by the persons who has passed the examination referred to in regulation 8 or regulation 19 of the Custom House Agents Licensing Regulations, 2004 . 1 [Provided that a transition period upto 31st December, 2011 shall be allowed for fulfillment of the condition mentioned in sub-regulation (2) by an Authorised Courier in so far as it relates to examination referred to in regulation 8 of the 3 [Customs Brokers licensing Regulations, 2013.]] (3) The applicant shall undertake to comply with the provisions and abide by all the provisions of the Act and rules, regulations, notifications and orders issued thereunder. ------------------------------------- Notes:- 1. Substituted vide Notification No. 26/2011-Cus(NT), dated 01/04/2011 before it was read as:- Provided that a transition period of six months from the date of publication of these Regulations shall be allowed for fulfillment of the condition mentioned in sub-regulation (2) by an authorised courier. 2. Substituted vide Not. 56/2014 - Dated 6-8-2014 3. Substituted vide Notification No. 28/2018-Customs (N.T.) - Dated 28-03-2018 , before it was read as, Customs House Agents Licensing Regulations, 2004
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