Regulation 8. Condition to be fulfilled by the applicant

Official text

Regulation 8.Condition to be fulfilled by the applicant. —

(1) The person applying for registration as an Authorised Courier shall disclose tothe satisfaction of the Principal Commissioner of Customs orCommissioner of Customs, as the case may be that he is financially viable andin support thereof he shall produce to the said Principal Commissioner of Customs or Commissioner ofCustoms, as the case may be a certificate issued by a scheduled bank or suchother proof acceptable to the Principal Commissioner of Customs orCommissioner of Customs, as the case may be evidencing possession of assets ofa value not less than twenty five lakh rupees.

(2)The declarations for clearance of imported or export goods shall be made by thepersons who has passed the examination referred to in regulation 8 orregulation of the Custom House Agents Licensing Regulations, 2004:

Provided that atransition period of six months from the date of publication of theseregulations shall be allowed for fulfillment of thecondition mentioned in sub-regulation (2) by an Authorised Courier.