Chennai (MAS): Gateway Distriparks Ltd on Monday said that the Customs Appellate Tribunal had upheld a temporary suspension against its Container Freight Station (CFS) subsidiary Chandra CFS, first imposed by the Customs Department. The suspension will continue pending completion of an investigation within three months.
The Customs permission for custodianship of Chandra CFS & Terminal Operators Pvt Ltd, at the CFS Chennai, was temporarily suspended on December 19, 2014, until further orders. Indian Customs department has earlier suspended the license of Container Freight Station (CFS) at Chennai of Gateway Distriparks Ltd’s subsidiary Company, Chandra CFS & Terminal Operators Private Limited due to an incident involving unauthorised removal or attempted theft of a container from the CFS.
On March 20, the company said it had approached the Appellate Tribunal of Customs Department (CESTAT) to restore the custodianship.
“The Company is now in the process of taking necessary steps for restoring operations at Chandra CFS at the earliest,” said the company in a regulatory filing.