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.

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