On 24th June, 2022, Central Board of Indirect Taxes and Customs (CBIC) notified Customs Brokers Licensing (Amendment) Regulations, 2022. The amendment revises the provisions of Customs Brokers Licensing Regulations, 2018, being effective from its publication.
Key Points:
- Any agent or broker who intends to make any business transactions on behalf of his exporter/importer under Customs Station has to be an authorised licenced broker.
- Earlier, in order to conduct such transactions he has to associate himself with any of the Custom Brokers’ Association at the Customs’ Station. Even as a mandate the membership with any such Custom Brokers’ Association did not exceed more than one.
- With the amendment of Regulation 20, broker has to become member of Custom Brokers’ Association at every jurisdiction he operates.
- Likely, the broker may operate at more than one Customs’ Station therefore, has to be a member with every station recognised by the Principal Commissioner of Customs or Commissioner of Customs. In that given situation, the membership at one jurisdiction shouldn’t again exceed by one.
- The brokers are obliged to comply with the norms given for licensing, however with addition of new Regulation 21, liberty of an extended time period is provide wherein he fails to comply with the same.