Attention of all stakeholders is invited to the Circular No. 20/2024-Customs, issued vide F.N. 520/32/2022-Cus-VI relating to reduction in average dwell time and exclusion of DPD containers for calculation of insurance amount under Regulation 5(1) (iii) of HCCAR, 2009.
Accordingly, it has been decided that henceforth, for the calculation of Insurance Amount as provided under Regulation 5(1)(iii) of HCCAR, 2009 and prescribed under Circular No 42/2016-Customs dated 31.08.2016, the average days to be calculated is reduced from existing 10 days to 5 days.
Further, it has also been decided that, all the DPD facilitated containers including those which are stored in CFS on the will of importers but otherwise are Customs cleared, are to be kept out of ambit of Regulation 5(1)(iii) of HCCAR, 2009.
The earlier Public Notice (es) issued in this regard (if any) stands amended to the extent mentioned above.
Sd/-
D. S. Garbyal
Commissioner of Customs (Gen)
Nhava Sheva, JNCH