Regulations, issued from time to time under section 141 (2) of the Customs Act, 1962.

Responsibility of Board for loss of goods etc., -(1) Subject to the provisions of this Act, the responsibility of the Board for the loss, destruction or deterioration of goods of which it has taken charge shall,-

1. (i) in the case of goods received for carriage by railway, be governed by the provisions of the Railways Act, 1989 (Act No.24 of 1989) and
2. (ii) in other cases, be that of a bailee under sections 151, 152 and 161 of the Indian Contract Act, 1872, omitting the words "in the absence of any special contract" in section 152 of that Act: Provided that, no responsibility under this section shall attach to the Board,-

1. (a) until a receipt mentioned in sub-section (2) of section 33 is given by the Board; and
2. (b) after the expiry of such period as may be prescribed by regulations from the date of taking charge of such goods by the Board.

1. (2) The Board’s responsibility for the loss, destruction or deterioration of, or damage to, goods of which it has taken charge, unless notice of such loss or damage has been given within such period as may be prescribed by regulations made in this behalf from the date of taking charge of such goods by the Board under sub-section (2) of section 33 shall be limited to as provided in section 45 of the Customs Act, 1962 for imported and exported goods: Provided that the Board shall have to execute all the responsibilities as provided in section 45 of the Customs Act, 1962 in case of import and export goods for which the Board is Customs Cargo Service