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. 39/2018-Customs

OFFICE OF THE COMMISSIONER OF CUSTOMS (PREVENTNIVE) 55-17-3, C-14, 2nd Floor, Road No.2, Industrial Estate, Autonagar, Vijayawada - 520007 Phone: 0866-2551261 Fax: 0866-2551156 C. No. VIII/09/09/2018-Cus.Tech Date: 11.09.2018 PUBLIC NOTICE No. 39/2018-Customs Subject: Standard operating procedures for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000 - Regarding. Attention of all the Importers, Exporters, Customs Brokers, Steamer Agents, Custodians/Customs Cargo Service Providers, Trade Associations/Chamber of Commerce, Members of RAC/PGC and the Public is invited to the Circular No.25/2018-Customs, dated the 8th August, 2018 (Ref. Link http://www.cbic.gov.in) of Central Board of Indirect Taxes and Customs, New Delhi, on the subject and the guidelines / instructions on the subject communicated by Board vide Notification No.57/2000-Customs dated 08.05.2000. The standard operating procedures for discharge of bonds executed by nominated agencies / banks vide the Circular No.25/2018- Customs, dated 08.08.2018 are as below:- 1. References have been received from the exporter associations that there is an inordinate delay in release of bonds executed by the nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000, while importing gold for the purpose of export of gold jewellery/ articles. Accordingly, the matter was examined and the reports received from the field formations confirm that there is indeed a large pendency of subject bonds. 2. In the aforementioned background , in the interest of trade facilitation, it has been decided that 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 (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/ banks to the Assistant/ Deputy Commissioner of Customs using dedicated e- mail. For this purpose the dedicated email ids of Assistant / Deputy Commissioner of Customs nominated for receiving the prescribed documents electronically from nominated agencies / banks are given below:. Sl. No. Formation Designation of Email address 1 Krishnapatnam Custom House nominated officer Asst. / Deputy Commissioner (Tech.) of Customs [email protected] 2 Kakinada Custom House Asst. / Deputy Commissioner Tech.) of Customs [email protected] 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 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 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. Assistant/ Deputy Commissioner would discharge the bond of nominated agency/ banks within 7 days of confirmation of the export. 3. A concerted drive may be started for the discharge of the pending bonds as it is seen that a large number of bonds are pending release. The pendency of bonds needs to be cleared within 2 months. A report regarding the discharge of the bonds may be submitted by 05.10.2018 through e-mail at [email protected]. 5. Action is to be taken in terms of the decisions taken in the Public Notice should be considered as Standing Order for the purpose of officers and staff. 6. Difficulties, if any, may be brought to the notice of the undersigned. (SUDHA KOKA) COMMISSIONER