GST India Solution

104/2012-Cus(NT), Dated 16/11/2012

Amends Handling of Cargo in Customs Areas Regulations, 2009

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i) of dated the 16^th November, 2012]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
Central Board of Excise and Customs

Notification No. 104/2012 - Customs (N.T.)

New Delhi, 16^th November, 2012

            G.S.R…..(E).- In exercise of the powers conferred by sub-section (2) of section 141, read with section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations further to amend the Handling of Cargo in Customs Areas Regulations, 2009, namely:-

1.         (1)        Theseregulations may be called the Handling of Cargo in Customs Areas (Amendment) Regulation, 2012.

            (2)       They shall come into force on the date of their publication in the Official Gazette.

2.        In the Handling of Cargo in Customs Areas Regulations, 2009 (herein after referred to as             the said regulations), for the proviso to sub-regulation (3) of the regulation 5, the following proviso shall be substituted, namely:-

            “Provided that the condition of furnishing of bank guarantee or cash deposit shall not be applicable to ports notified under the Major Ports Act, 1962 (38 of 1963) or to the Central Government or State Governments or their undertakings or to the Customs Cargo Service provider authorised under Authorised Economic Operator Programme.”.

3.         In sub-regulation (2) of regulation 10 of the said regulations, the following proviso shall be inserted, namely:-

Provided further that in case of Customs Cargo Service provider authorised under Authorised Economic Operator Programme’, the approval granted under sub-regulation (1) may be extended for a further period of ten years at a time.”.

[F.No. 450/55/2008-Cus. IV]

(S.C. Ganger)
Under Secretary to the Government of India

Footnote: The principal regulations were published vide number G.S.R.174 (E), dated the 17^th March, 2009 and last amended vide number G.S.R. 370 (E), dated the 16^th May, 2012.

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

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