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TMI BlogSingle Unified Multi-Purpose Electronic Bond in Customs- Ekal Anubandh - reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... ve load on businesses, CBIC has decided to introduce a project named "Ekal Anubandh", wherein trade will be encouraged to use single All-India Multi-purpose Electronic Bond with end to-end automation. As a first step, single All-India Multipurpose Bond for importers or exporters in lieu of the transaction-wise Bonds being submitted across different ports, thus offering significant potential to save both time and costs in trade procedures. 4.1 At present, importer or exporter submits separate bonds along with security, for every transaction at each port for different scenarios as stipulated in the Board circulars given below: i. Provisional Assessment Circular No. 38/2016 dt. 22.08.2016 and Circular 42/2020-Customs dated 29.09.2020 ii. Export Promotion Schemes - Circular 11A/2011-Customs dated 25.02.2011 iii. Warehousing under Section 59 - Circular 18/2016-Custom dated 14.05.2016 and Circular 21/2016 - Customs dated 31.07.2016 iv. MOOWR in bonded warehouse under section 65 - Circular 34/2019-Customs dated 01.10.2019 v. MOOWR in Special Warehouse under section 65 vide Circular 36/2020- Customs dated 17.08.2020-Customs. 4.2 The current practice is adding cost and time for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Bank Guarantee to be provided in the different instances prescribed earlier through the Board circulars have been collated and made available in Annexure-F. The importer/exporter may also be able to select the quantum of bank guarantee applicable for different purposes like provisional assessment, EP schemes etc. Further, a separate option is also available in case there is a need for having different quantum of bank guarantee other than those specifically listed in Annexure- F. The detailed procedure for linking of Bank guarantee with the bond is elaborated in Annexure-B. 7. With electronic bonds and bank guarantees, importers/exporters/customs brokers can manage and track documents in real time, ensuring greater security and transparency throughout transactions. The "Ekal Anubandh" project ensures that above digital solutions are environmentally friendly, cost-effective, and more convenient, as they eliminate the need for physical signatures and paperwork, allowing for faster approvals and fewer delays. Therefore, the importers and exporters are encouraged that, wherever required, importers/exporters/customs brokers may execute a single unified multi-purpose electronic bond a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ding CAROTAR, Chemical tests etc), Export Promotion Schemes, Re-Export Purposes, Import as per Section 143, Warehousing under Public/Private/Special Warehouses, Manufacture and Other Operations in Private Warehouse, Manufacture and Other Operations in Special Warehouse etc. National Bond under IGCR procedure will continue to be provided separately. (b) The Bond Application can be initiated by selecting appropriate obligations along with the supporting documents in the ICEGATE Portal and submitted. (c) Along with the Bond, The appropriate purpose codes, if the quantum of bank guarantee is already known, may be indicated. It is to clarify that, only quantum is to be indicated. Bank Guarantee may be submitted only when required i.e during import or export of the goods. (d) The Application will be scrutinized and the clarifications will be sought by the Customs Officer electronically. Once scrutiny is complete, unique Bond Number is generated and affixed to the draft SEB and shared with NeSL via API for e-stamping and e-signing. (e) Once stamp duty payment and electronic signature is affixed through NeSL portal, same will be forwarded to the concerned Assistant/ Deputy Commissi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecutors, administrators and legal representatives) are held and firmly bound unto the President of India hereinafter called the "President" (which expression shall include his successors and assigns) in the sum of Rs...........(Rs.....................) to be paid to the President for which payment well and truly to be made, I/we bind ourselves, my/our successors, heirs, executors, administrators and legal representatives firmly by these presents. For Bond with Surety KNOW ALL MEN BY THESE PRESENTS THAT I/We, M/s..............................having registered office located at.............................and holding Import--Export Code No..............hereinafter called the "obligor(s)" (which expression shall include my/our successors/heirs, executors, administrators and legal representatives) and Mrs/Mrs/Miss/M/s..............................having located at .............................and holding PAN No..............hereinafter called the "the surety(ies)" (which expression shall include my/our successors/heirs, executors, administrators and legal representatives) are held and firmly bound unto the President of India hereinafter called the "President" (which expression shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... obligor shall fulfill the following obligations: a. undertake to produce such documents and furnish such information as may be called for by the proper officer, within one month or within such extended period as the proper officer may allow; and b. pay to the President, the difference between the duty finally assessed and the duty provisionally assessed, along with interest, if any on finalization of provisional assessment by the proper officer, in respect of the goods imported or exported from time to time. c. pay to the president any other sum, if any for contravention of the provisions of Customs Act 1962 and the rules and regulations made thereunder in respect of such goods. AND if the obligor produces the required documents or furnishes the information called for and pays to the President, the difference between the duty finally assessed and the duty provisionally assessed, along with interest, if any on finalization of provisional assessment by the proper officer, this obligation to that extent shall be void. (B) In the event of import under export promotion schemes: If the bounden obligor has been permitted to import from time to time the goods without payment of duty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xcept with the written permission of the proper officer; and h. keep the bank guarantees / securities, if any furnished, alive till the discharge of the obligation under this bond to the satisfaction of the proper officer. AND if the obligor has satisfied the above conditions, in respect of the goods imported from time to time, this obligation to that extent shall be void". (C) In the event of import and export without payment of duty or on payment of concessional duty in terms of the notifications issued under the Customs Act, 1962: If the bounden obligor has been permitted from time to time by the proper officer to import and export with no duty/at concessional duty in terms of the notifications of the Ministry of Finance, Government of India, and the proper officer has allowed clearance of the goods, the obligor shall fulfill the following obligations: a. observe all the terms and conditions of the said notification(s) in respect of imports and exports from time to time; and b. in the event of failure to fulfil full or part of the conditions as specified in the said notification(s), undertake to pay the customs duty but for the exemption and also interest at the applicable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... section (2) of section 59 of the Customs Act, 1962: If the obligor has been permitted by the Assistant/ Deputy Commissioner of Customs to enter into a General Bond for the purpose of sub--section (2) of Section 59 of the Customs Act 1962, in respect of warehousing of goods to be imported by the obligor, the obligor shall fulfill the following obligations: a. comply with all the provisions of the Act, the rules and regulations made thereunder in respect of such goods; b. pay on or before the specified date in the notice of demand, all duties and interest payable under sub--section (2) of section 61 of the said Act; and c. pay all penalties and fines incurred for contravention of the provisions of the said Act or the rules or regulations made thereunder, in respect of such goods; d. pay in the event of their failure to discharge their obligation, the full amount of duty chargeable on account of such goods together with their interest, fine and penalties payable under section 72 of the said Act, in respect of such goods; AND, notwithstanding the transfer of the goods to another warehouse, if the obligor has duly re--exported the warehoused goods or cleared the warehoused goods f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s a license to operate a warehouse under section 58A of the Customs Act 1962 and permission to carry manufacture and other operations in special warehouse under section 65 of the said Act, and if the obligor has been permitted by the Assistant/ Deputy Commissioner of Customs to enter into a General Bond for the purpose of sub--section (2) of Section 59 of the Customs Act 1962, in respect of warehousing of goods to be imported by the obligor, the obligor shall fulfill the following obligations: Applicable only in case of Security a. comply with all the provisions of the Customs Act 1962, Central Goods and Services Tax Act, 2017 or Integrated Goods and Services Tax Act, 2017 or Goods and Services tax (Compensation to States) Act, 2017 and the rules and regulations made thereunder in respect of such goods; b. pay in the event of their failure to discharge their obligation, the full amount of duty chargeable on account of such goods together with their interest, fine and penalties payable under section 72 of the said Act, in respect of such goods c. pay all penalties and fines incurred for contravention of the provisions of the Customs Act 1962, Central Goods and Services Tax Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... option, be competent to make good all the loss and damages from the amount of the security deposit or by endorsing his rights under the above--written bond or the both; AND The President of India shall, at his option, be competent to make good all the loss and damage by endorsing his rights under the above written bond. D) This bond shall remain in force from the date hereof and the obligation and liability of the obligor shall be a continuing one in respect of all goods imported or exported from time to time by the obligor. In these presents the words imposing singular only shall also include the plural and vice versa where the context so requires; Date: (Signature of the Obligor) [Signature of Surety] Accepted for and behalf of the President of India by , by appending electronic signature on the day and year, indicated therein. Annexure (as specified in Para III of Single All--India Multipurpose electronic bond stipulated through Board Circular No.........) Event Purpose Code Quantum of Security to be deposited Per cent of Bond Value Bond value based on (1) (2) (3) (4) Annexure D: SUPPLEMENTARY BOND FOR ADDITION OF NEW EVENTS KN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nditions, in respect of the warehoused goods used as input in the resultant product and the waste or refuse as has arisen from the operations carried on in relation to the resultant goods, this obligation to that extent shall be void. (G) In the event of permission for manufacture and other operations in special warehouse in accordance with section 65 of the Customs Act, 1962: If the obligor has been granted by the Principal Commissioner or Commissioner of Customs a license to operate a warehouse under section 58A of the Customs Act 1962 and permission to carry manufacture and other operations in special warehouse under section 65 of the said Act, and if the obligor has been permitted by the Assistant/ Deputy Commissioner of Customs to enter into a General Bond for the purpose of sub--section (2) of Section 59 of the Customs Act 1962, in respect of warehousing of goods to be imported by the obligor, the obligor shall fulfill the following obligations: a. comply with all the provisions of the Customs Act 1962, Central Goods and Services Tax Act, 2017 or Integrated Goods and Services Tax Act, 2017 or Goods and Services tax (Compensation to States) Act, 2017 and the rules and regul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... resentative Officers like Commissioner of Customs and his authorized officers) in the sum of Rs........... (Rupees........ .........only), in addition to any amount bound earlier, to be paid to the President for which payment well and truly to be made, I / we bind myself / ourselves, my / our successors / heirs, executors, administrators and legal representatives firmly by these presents. Request made on ........... day of 20..... and signed with electronic signature on the day and year, indicated therein. Accepted for and behalf of the President of India by , by appending electronic signature on the day and year, indicated therein. Annexure F: List of Scenarios with Purpose Code SCENARIO CODE Purpose BG %age Quantum of BG Provisional Assessment (Scenario A) P1 Carotar-PSU/Government (Central/State and their Undertakings) 0 Differential Duty P2 Carotar - All other categories including AEO 100 Differential Duty P3 SVB - All other importers in case of initial period till non-compliance as per cir 05/2016 5 Differential Duty &nb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds in other cases EZ Officer Determined Duty foregone in case of concessional rate and AV of goods in other cases Concessional Rate other than those under IGCR (Scenario C) R1 Container 0 R2 Jobbing 0 RZ Officer Determined Import as per Section 143 (Scenario D) D1 Section 143 0 duty+interest accrued thereon during preceeding period DZ Officer Determined duty+interest accrued thereon during preceeding period Public/Private/Special Warehouse under Section 59 sub section 2 (Scenario E) W1 Other than AEO Clients - sensitive goods stored for a period beyond 2 years non-sensitive goods stored for a period beyond 3 years 100 duty+interest accrued thereon during preceeding period W2 Non AEO Clients - Non sensitive goods stored 2-3 years AEO T1 Non Sensitive goods stored more than 3 years Non AEO Clients - Sensitive goods stored for 1-2 years AEO T1 clients sensitive goods stored beyond 2 years Gold, silver, other precious ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ereon during preceeding period SCENARIO CODE Purpose BG %age Quantum of BG MOOWR in private warehouse in accordance with section 65 (SCENARIO F) M1 MOOWR in Private Warehouse 0 MZ Officer Determined MOOWR in Special warehouse in accordance with section 65 (SCENARIO G) S1 MOOWR in Special Warehouse 0 SZ Officer Determined Annexure G: List of States and UTs enabled at NeSL for e--BG and e--Customs Bond S. No. States/UTs Integrated with NeSL for Customs Bond Integrated with NeSL for Bank Guaranttee 1 Delhi Yes Yes 2 Gujarat Yes Yes 3 Jharkhand Yes Yes 4 Karnataka Yes Yes 5 Kerala Yes Yes 6 Odisha Yes Yes 7 Puducherry Yes Yes 8 Rajasthan Yes Yes 9 Tamil Nadu Yes Yes 10 Telangana Yes Yes 11 Tripura Yes Yes 12 Uttar Pradesh Yes Yes 13 West Bengal Yes Yes 14 Chhattisgarh Yes No 15 Bihar No No 16 Andaman & Nicobar &nb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pay to the Government an amount not exceeding Rs ------------------------------------------------ against any loss or damage caused to or suffered or would be caused to or suffered by the Government by reason of any breach by the said (obligor(s)) of any of the terms or conditions contained in the said Agreement. 2. We ------------------------------------------------------------------ (indicate the name of the bank) do hereby undertake to pay the amounts due and payable under this guarantee without any demur, merely on a demand from the Government stating that the amount claimed is due by way of loss or damage caused to or would be caused to or suffered by the Government by reason of breach by the said (obligor(s)) of any of the terms or conditions contained in the said Agreement or by reason of the (obligor(s)) failure to perform the said Agreement. Any such demand made on the bank shall be conclusive as regards the amount due and payable by the Bank under this guarantee. However, our liability under this guarantee shall be restricted to an amount not exceeding Rs.------------------------------------ 3. We undertake to pay to the Government any money so demanded notwithstanding ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his provision, have effect of so relieving us. 6. This guarantee will not be discharged due to the change in the constitution of the Bank or the (obligor(s)). 7. We, ------------------------------------------------------------------------------------------------------------------------------------------------ (indicate the name of bank) lastly undertake not to revoke this guarantee during its currency except with the previous consent of the Government in writing. 8. Notwithstanding anything contained herein: i.) Our liability under this guarantee shall not exceed INR ....... ii.) We , , further declare that this Bank Guarantee will be valid from till (inclusive of the claim period) and we undertake to renew this guarantee on its own till all the dues of the Government under or virtue of the said Agreement have been fully paid and its claims satisfied or discharged or till------------------------------------------------------------------------------------------------------------------------------------------------ Office/Department/Ministry of ---------------------------------------------------------- certifies that the terms and conditions of the said Agreement have been full ..... X X X X Extracts X X X X X X X X Extracts X X X X
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