Intellectual Property Rights (IPRS) Enforcement regime- Boards Circular No. 10/2011- Customs dated 24-Feb-2011 web enabled Centralized Bond Management Module

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... CBEC s Circular No. 10/2011- Customs dated 24- Feb-2011 on the implementation of Centralized Bond Management Module as part of the existing Automated Recordation and Targeting System (ARTS) for IPR Protection. The main Objective of this system is to provide for a single Centralized Bond Account with security that can be used at all ports in India, so that the right -holders do not have to rush to different Customs formations to execute consignment specific bonds with securities, in case of interdiction of allegedly infringing consignments at different Customs formations. The details of Centralized Bond Management module are explained in the aforementioned CBEC Circular. 1. The Centralized Bond Management module under ARTS f .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Centralized Bond Management System by communicating their willingness and submitting the Centralized Bond with security, as prescribed. Otherwise, they will continue to operate in the existing system of general bond and consignment specific bonds. 1. A Centralized Bond (which will be a running bond) can be registered only at the Customs location where the UPRN is registered. The right-holders exercising the centralized bond will have to necessarily furnish a centralized bond, in the format as per Annexure I to the CBEC Circular No. 10/2011-Customs dated 24- Fen-2011 , and security in the prescribed format for an amount equivalent to 25% of the value of the centralized bond. 1. Upon fulfillment of these requireme .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ight-holder to ensure that the centralized bond and security account has sufficient balance. In case of inadequate balance, the same can be supplemented by executing a supplementary bond with necessary security at the custom location where the BRN Account is maintained. 1. For this purpose, an option to view the details of the BRN is provided in the home page of the ART System for IPR Protection. The details can be viewed by entering a valid UPRN and BRN. A printout of the same can also be taken by clicking on the Printer icon available at the bottom of the page. 1. The Public Notice NO. 43/2007 dated 31.10.2007 based on the Board Circular No. 41/2007 dated 29.10.2007 stands modified to the above extent. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X