TMI BlogCourier Imports and Exports (Clearance) Regulations - 2nd Amendment of 1999X X X X Extracts X X X X X X X X Extracts X X X X ..... the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations to further amend the Courier Imports and Exports (Clearance) Regulations, 1998, namely :- 1. (i) These regulations may be called the Courier Imports and Exports (Clearance) Second Amendment Regulations, 1999. (ii) They shall come into force on the date of their publication in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d), - (A) for the words "in a financial year, the words "for a consignment" shall be substituted; (B) for the words "rupees two thousand", the words "rupees five thousand" shall be substituted; (iii) in regulation 5, for sub-regulation (5), the following sub-regulation shall be substituted, namely :- "(5) Any imported goods which are not taken clearance, shall be detained by the Customs an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the words "five lakh rupees", the words "two lakh rupees in case of major international airports of Mumbai, Delhi, Calcutta and Chennai and one lakh rupees in case of other airports" shall be substituted; (b) after the words "postal security", the words "or bank guarantee" shall be inserted; 3. In Form Courier Bill of Entry-IV (CBE-IV) appended to the said regulations, in "Declaration", in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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