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TMI BlogAppointment of custodian of Bulk Cargo Jetty at Kandla Port Oil Jetty For exportsX X X X Extracts X X X X X X X X Extracts X X X X ..... Kandla Unit, KANDLA - 370201 (HAVING REGISTERED OFFICE AT 'IFFCO Sadan ), C-1, Dist.Centre, Saket Place, Saket, New Delhi - 110 017) to be the custodian of Bulk Cargo Jetty at Kandla Port Oil Jetty notified vide Notification No. 09/2013 dated 11/11/2013 under Section 8 of the Customs Act, 1962 as a landing place for import / export and coastal movement of raw material and finished products of Fertilisers subject to the following conditions: - 1) Custodian of the goods meant for import and export would be required to comply with the provisions of Section 45(2) of the Customs Act, 1962 as well as Rules and Regulations and instructions issued from time to time in this regard. 2) The Custodian shall be responsible for proper receipt, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all be made without the concurrence of the Commissioner of Customs, Kachchh Commissionerate, Kandia. 8) Insurance of all goods stored at jetty and Customs area shall be made by the custodian. 9) The custodian shall abide by all the Rules and Regulations under the Customs Act. 10) For proper discharge of duties, the custodian shall execute a bond of ₹ 35 crore and Bank Guarantee of ₹ 3.50 Crore with the Deputy / Assistant Commissioner of Customs (AG), Custom House, Kandla before commencing any import / export from said jetty. As and when the volume of work handled increases, the custodian will himself furnish a bond equal to increase in value and bank guarantee / cash security equal to 10% of the bond amount. 11) Secu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e functions inside the Customs area or connected with the Customs area, the same should be done with prior approval of the Commissioner of Customs and the custodian shall remain responsible for the omission and commissions of the said agency. 19) Duration of the appointment shall initially remain for 5 years and subject to the satisfaction of the Commissioner of Customs. Commissioner of Customs shall have the right to terminate the appointment at any time after assigning specific reasons and giving an opportunity for the custodian to explain his case. The appointment shall be reviewed after every 5 years thereafter. (K. L. GOYAL) COMMISSIONER - Notification Tax Management India - taxmanagementindia - taxmanagement - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X
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