Standard operating procedures for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000 - Customs - PUBLIC NOTICE NO. 33/2018

GOVT. OF INDIA MINISTRY OF FINANCE, DEPARTMENT OF REVENUE OFFICE THE PRINCIPAL COMMISSIONER OF CUSTOMS NEW CUSTOM HOUSE, CHENNAI-VII COMMISSIONERATE, AIR CARGO COMPLEX, MEENAMBAKKAM, CHENNAI - 600027. F. No.: S.Misc.104/2018-(Bonds-Air) Dated: 27.08.2018 PUBLIC NOTICE NO. 33/2018 Subject: Standard operating procedures for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000. ******** Attention of all the CHAs, Importers and the' trade is invited to the Board's Circular No. 25/2018- Customs dated 8th/August/2018, issued in F. No. DGEP/G J/22/2018 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, (2015-20) (FTP) within the time period prescribed in the FTP. These documents are EPcopy 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/ banks to the Assistant/ Deputy Commissioner of Customs using the dedicated e-mail [email protected]. The e-mail is also displayed in the public domain on the website www.chennaicustoms.gov.in/chennaicustomslc7.php of Chennai Customs Commissionerate VII. (iii) The concerned officer i.e. Assistant/ Deputy Commissioner of Customs would issue an electronic acknowledgement immediately within 24 hours of receipt of the documents. (iv) 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. (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) 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 (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 rolled out on the export side). (viii) The Assistant/ Deputy Commissioner (Bonds) would discharge the bond of nominated agency/ banks within 7 days of confirmation of the export. 3. The instructions and procedure given above shall be followed strictly with immediate effect. (N. PADMASRI) COMMISSIONER OF CUSTOMS