CBIC, DGEP's Circular 25/2018-Cus dated 08.08.2018 Standard operating procedures for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000 - Customs - 34/2018

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS OFFICE OF THE COMMISSIONER OF CUSTOMS CUSTOM HOUSE, WILLINGDON ISLAND, COCHIN-682009 An IS 15700 certified custom house Website: www.cochincustoms.gov.in E-mail: [email protected] Control room: 0484-2666422 Fax: 0484-2668468 Ph: 0484-2666861-64/774/776 F No. S25/90/2018 ACC.CUS Date: 05.12.2018 TRADE NOTICE NO. 34/2018 Sub: CBIC, DGEP's Circular 25/2018-Cus dated 08.08.2018 Standard operating procedures for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000 - reg. *********** Kind attention of importers, exporters, Customs Brokers, the trading public and all other stake holders is drawn to CBIC, DGEP, New Delhi's Circular No. 25/2018Customs dated 08.08.2018 notifying the Standard operating procedures for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000. 2. In line with the above Circular for the interest of trade facilitation, all the stake holders are directed to follow the following standard operating procedures for the expeditious discharge of the said bonds. a. 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, (2015-20) (FTP) within the time period prescribed in the FTP. These documents are: i. EP copy of shipping bill, ii. Customs attested invoice, iii. Bank certificate of realization/eBRC. b. In this connection, the dedicated e-mail address of Officer concerned is as follows: Asst. Commissioner of Customs, Air Cargo Complex, Cochin [email protected] c. The concerned officer i.e. Assistant/ Deputy Commissioner of Customs would issue an electronic acknowledgement immediately within 24 hours of receipt of the documents. d. If the submitted documents are 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. e. The additional documents, other than the prescribed documents, would be requisitioned only with the prior approval of the Additional Commissioner of Customs concerned. f. Nominated agencies/ banks would electronically provide the deficient/ additional documents so required within 7 days of the receipt of the deficiency memo. g. Within 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 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 rolled out on the export side). h. Assistant/ Deputy Commissioner would discharge the bond of nominated agency/ banks within 7 days of confirmation of the export. 3. Consequent to the above mentioned procedures notified by the Board, all the stakeholders are required to cognisance and comply with the same. 4. Difficulties, if any, in this regard may be brought to the notice of undersigned. -sd- (sumit kumar) Commissioner of customs