Custody and monitoring of Bonds and Bank Guarantees - Customs - PUBLIC NOTICE NO. 15/2017

OFFICE OF THE PR. COMMISSIONER OF CUSTOMS (IMPORT), MUMBAI ZONE - III, PRO CELL, AIR CARGO COMPLEX, SAHAR, ANDHERI (EAST), MUMBAI - 400 099 F. No. S/3.MlSC-PRO-107/2016-17/ACC(l) Date:- 07/06/2017 PUBLIC NOTICE NO. 15/2017 SUB: Custody and monitoring of Bonds and Bank Guarantees - reg. Kind attention of all Importers, Exporters, Members of Trade and Industry Associations, Customs Brokers and others is drawn to the Office Order No. 01/2017 dated 12/01/2017 (copy enclosed) issued by Addl. Commissioner, Chief Commissioner's Office, Mumbai Zone-Ill vide F. No. S/I-16(02(/CCO-III/Admn/2017. In this regard, exclusive separate Bond and Bank Guarantee Cells (BBG Cell) in all the three Commissionerate at ACC, Sahar, i.e. Import, Export and General Commissionerate, have been created. From now onwards, all the work related to processing, acceptance and monitoring of Bonds (such as PD Bonds; re-export Bonds, Bonds in DEEC, EPCG and other EP schemes; UT/Bonds executed for import of ship/aircraft spares or under certificate issued by DGH, etc.) except Bonds given under Section 59 to 67 of the Customs Act, 1962 and Bank Guarantees of the three Commissionerate shall be dealt by their respective Assessing Groups. After processing and acceptance of Bond and Bank Guarantee, the original of the same shall be sent to the respective BBG Cell for safekeeping and the concerned Group will keep a duplicate copy of the same for their record. The concerned Groups shall ensure monitoring of their Bonds and Bank Guarantees and issue demand letters / reminders to importers / banks on timely basis. For entering of Bond / BG details and debiting thereof in ICES, the trade can get the same done either in concerned Group or in the respective BBG Cell. As regards processing, acceptance and monitoring of SVB Bonds and Bank Guarantees, the same shall be done by the SVB Cell under CRC-II Section. Further, all the Assessing Groups should take over copies of previously submitted Bonds and Bank Guarantees of their respective Group from the erstwhile centralized BBG Cell and ensure their monitoring. The procedure prescribed vide this Public Notice will be effective from 1st July, 2017. Difficulties if any, faced in the implementation of this Public Notice may be brought to the notice of the undersigned. This issues-with the approval of the Principal Commissioner of Customs (Import), ACC, Mumbai and Commissioner of Customs (Export General), ACC, Mumbai. (Dr. Satish S. Dhavale) Addl. Commissioner of Customs (Import) Air Cargo Complex, Sahar, Mumbai