Regulations Governing Customs Bonded Warehouses in India & Liability of Freight Forwarders in India

In India, the operation of customs bonded warehouses is regulated by specific laws and regulations to ensure efficient trade facilitation and revenue collection. Additionally, freight forwarders, who act as intermediaries between shippers and various transportation services, also have specific liabilities and responsibilities under Indian law. Regulations Governing Customs Bonded Warehouses in India:
1) Customs Act, 1962: The primary legislation governing customs-related matters in India is the Customs Act, 1962. This act empowers the public position to spread out customs sustained appropriation habitats where imported items can be taken care of without portion of customs