Bond for grant of licence: - CBEC's Customs Manual 2023 - Customs

4. Bond for grant of licence: 4.1 The Commissioner of Customs shall, on payment of Rs.5,000/- within two months of the declaration of the results of the oral examination, grant license to an applicant within one month of the payment of the said fee. Such licensed Customs Broker may work in all Customs stations subject to intimation in Form C to the Principal Commissioner or Commissioner of Customs station where he intends to transact business. 4.2 Before granting the licence under the Regulation 7 of CBLR 2018, the Principal Commissioner or Commissioner of Customs shall require the applicant to enter into a bond prescribed in this regard for due observance of these regulations and shall also require to furnish a bank guarantee, or a postal security or National Saving Certificate or a fixed deposit receipt issued by a nationalized bank, in the name of the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, for an amount of Rs.5 lakhs for carrying out the business as a Customs Broker.