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.05/2018

Government of India Ministry of Finance, Department of Revenue Office of the Commissioner of Customs (Preventive) North Eastern Region Custom House, 110 M. G. Road, Shillong - 793001 C. No. VIII(48)09/CUS/TECH/MISC-EXP-IMP/2018/10015-37 (A) Date: 04.09.2018 Public Notice No.05/2018 Dated Shillong the 4th September, 2018 Subject: Standard operating procedures for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000- reg. Attention of all concerned is drawn to DGEP, CBIC's Circular No. 25/2018-Customs dated 08.08.2018 prescribing Standard operating procedures for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000. 2. The Board has informed that 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 by the Board and the reports received from the field formations confirm that there is indeed a large pendency of subject bonds. 3. 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, documents may be submitted at [email protected] , and thereafter, they will be forwarded to relevant email addresses for action. (iii) The concerned officer i.e. Assistant/ Deputy Commissioner of the Customs would issue and an electronic acknowledgement immediately within 24 hours of receipt of the documents. (iv) If the submitted documents are found to be incomplete for 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 the 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 System (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. 4. A concerted drive may be started for the discharge of the pending bonds as it is seen that a large number of the bonds are pending release. The pendency of bonds needs to be cleared within 2 months. 5. Difficulties, if any, may be brought to the notice of this office, [Authority: Circular No.25/2018-Cus dated 08.08.2018 issued vide F. No. DGEP/G J/22/2018/1768-18S3, Central Board of Indirect Taxes 8 Customs, (DGEP)] (Bandhana Deori) COMMISSIONER