Compliance with the conditions of Continuity Bonds- Temporary Importation of Containers of durable nature - Customs - PUBLIC NOTICE NO 06/2017

MINISTRY OF FINANCE OFFICE OF THE PRINCIPAL COMMISSIONER OF CUSTOMS (CHENNAI-III) CUSTOM HOUSE, 60 RAJAJI SALAI, CHENNAI - 600 001. F.N0.68/2017-CMFC Date: 17.03.2017 PUBLIC NOTICE NO 06/2017 Sub: Compliance with the conditions of Continuity Bonds- Temporary Importation of Containers of durable nature 1. Attention of all Steamer Agents/Shipping Lines is invited to the Continuity Bonds executed by them with the Asstt. Deputy Commissioner of Customs, Container Movement Facilitation Cell, Chennai -III Commissionereate for temporary importation of containers of durable nature claiming exemption from customs duty in terms of Govt. of India, Ministry of Finance, Notification No. 104/94- Cus dated 16.3.1994 as amended by Notification No. 101/95-Cus dated 26.05.1995 and Public Notice No. 19/1998 dated 03.02.1998, 111/02, 255/02, 48/2008 13/2011 dated 19.03.2011. 2. It is noticed that the conditions of the bond are not being complied by some of the Steamer Agents/Shipping Lines in so far as that the imported containers covered under the Continuity Bond are not being re-exported within the stipulated period of six months from the date of import by the Steamer Agents/Shipping Lines and even no extension of the period of re-export is being sought from the Proper Officers. Further, it is noticed that some of the Steamer Agents/Shipping Lines are also not submitting the monthly statements of the containers allowed for clearance and pending for re-export beyond the period of six months. 3. In view of the above, all concerned are hereby directed to strictly comply with the conditions of the Continuity Bonds executed by them failing which the terms of the bond will be enforced to recover the Customs duty alongwith applicable interest under Section 142 read with Section 143 of the Customs Act, 1962. Notwithstanding and in addition to the above action, penal action may also be initiated in accordance with the Customs Act, 1962. Principal Commissioner of Customs Chennai -III Commmissionerate