Standard operating procedures for discharge of bond executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000 - Customs - 69/ 2018

MINISTRY OF FINANCE DEPARTMENT OF REVENUE OFFICE OF THE PRINCIPAL COMMISSIONER OF CUSTOMS, CHENNAI-III CUSTOMS HOUSE, 60, RAJAJI SALAI, CHENNAI - 600001 Phone: 044 25231207, Fax: 044 2242425 F. NO. S. Miss. 326/2018-(Bonds-Sea) Date : 24.09.2018 PUBLIC NOTICE NO. 69/ 2018, Subject: Standard operating procedures for discharge of bond executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000-Reg. Attention of all the CIIAs, Importers and the trade is invited to the Board's Circular No. 25/2018- Customs dated 8 th August 2018. Issued in F. No. DGEP/G J/022/2018 regarding the standard operating procedures to be followed for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000 in order to expedite the process for release of bonds executed by the nominated agencies. 2. The following standard operating procedure will henceforth be followed for the expeditious discharge of the said bonds. (i) Nominated agencies/ banks would electronically provide the prescribed documents as proof of exports as provided under Para 4.68 of Handbook of Procedures of the Foreign Trade policy (2015-2020) (FTP) within the time period presided in the FTP. These documents are (i) EP copy of shipping bill.(ii) Customs attested invoice. (iii) Bank certificate of realization/ eBRC. (ii) The prescribed documents would be submitted electronically by the nominated agencies/ bank to the Assistant/ Deputy Commissioner of Customs using the dedicate e-mail id ac- [email protected] the e-mail Id may also be displayed in the public domain on the website www.chennaicustoms.gov.in of Chennai Customs Commissioner ate III. (iii) The concerned officer i.e. Assistant/ Deputy Commissioner of Customs would issue an electronic acknowledgement It immediately within 24 hours of receipt of the documents. (iv) If the submitted documents sire found to be incomplete or additional documents are Required, a deficiency memo would be issued to the nominated agency/ banks for submission of missing/ additional documents within 5 days of receipt of the documents. (V) The additional documents, other than the prescribed documents, would be requisitioned Only with the prior approval of the Additional/ Joint Commissioner of Customs concerned. (vi) Nominated agencies/ banks would electronically provide the deficient/ additional documents so required within 7 days of the receipt of the deficiency memo. (vii) With.7 days of the receipt of the prescribed documents or the receipt of the deficient/ additional documents as the case may be. the Assistant/ Deputy Commissioner of Customs (Bonds) would confirm the fact of export. This can also be done by viewing the relevant documents on the ICES; application of Directorate General of Systems (invoices would be available thereon once e-Sanchit is roiled out on the export side). (viii) The Assistant/Deputy Commissioner (Bonds) would discharge the bond of nominated agency/ banks witlzin7 days of confirmation of the export. 3. The instructions and procedure given above shall be followed strictly with immediate effect. (RAJAN CHAUDHARY) COMMISSIONER OF CUSTOMS Preventive (Chennai III)