CBEC ​revises amount of insurance to be provided by Customs Cargo Service Provider​, same​ shall be equal to average value of goods likely to be stored in Customs Area for a period 10 days (based on projected capacity); Further, reduces value of ​courier ​bond to be furnished in respect of imported/export goods to the extent of 10 days’ storage from current 30 days

Circular No. 42/2016-Cus dated August 31, 2016
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