Security amount increased from Rs 75,000 to Rs 5,00,000 for getting the license of Customs Broker

The Commissioner of Customs shall now require, the applicant to furnish a security of Rs. 5 lakhs for carrying out the business as Customs Broker. The amount of security has been enhanced from Rs. 75,000 to Rs. 5,00,000. The enhanced security amount would not apply to holders of valid licenses who seek a renewal of licenses of Customs Brokers and the same shall apply to fresh licenses only.

To view the full notification, please follow the link


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s