Procedure for execution of SVB bond - Customs - FACILITY NOTICE No. 13 /2007

OFFICE OF THE COMMISSIONER OF CUSTOMS (IMPORT), JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TAL: URAN, DIST : RAIGAD, MAHARASHTRA-400707. F. No. SVC-02/2007 JNCH Date: 27.03.2007 FACILITY NOTICE No. 13 /2007 SUB:- Procedure for execution of SVB bond reg. Attention of the importers, CHAs and members of the trade is drawn to Boards Circular No. 11/2001-Cus dated 23.2.01 on the subject of handling of valuation cases by Special Branch of the Custom Houses and the present procedure of debiting of SVB Bonds by the SVB at NCH, Mumbai. 2. The present procedure of acceptance and debiting of SVB Bond will be modified to the extent given below. i) Proposal for forwarding of cases to SVB will continue to be put up by the Group concerned and after approval of the Commissioner, the file should be forwarded to AC, Special Valuation Cell at JNCH. The SVC will allot a reference No. to the case and forward the file to SVB of the designated Custom House, for registration. ii) The importer will submit the Continuity Bond at SVC, JNCH which will be accepted by the AC i/c of SVC. iii) A Bond Register will be maintained in SVC and entry of the Bond will be made in the Bond Register. iv) The hard copy of the Bill of Entry after assessment will be produced in SVC where the Bond will be debited physically and the entry of the same will be made in the Bond Register. An endorsement reflecting the Bond debit will be made on the hard copy of the Bill of Entry. v) The Bond will also be registered on EDI at JNCH and will be accepted by AC, SVC on the system. vi) The Group will assess the Bill of Entry provisionally and debit the Bond on EDI. Particulars of Revenue deposit should also be entered in the comments column of the Bill of Entry. vii) The SVC, JNCH will send a summary of Bonds debited alongwith Bills of Entry details to SVB, Mumbai on a monthly basis. viii) For subsequent consignments also, the same procedure will be followed. 3. The rest of the procedure will remain the same. 4. Difficulty, if any, in any, in the implementation of the above mentioned procedure may be brought to the undersigned, immediately. (SANJEEV BEHARI) COMMISSIONER OF CUSTOMS (I) JNCH