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Circular No. 25/2018-Customs

F.No. DGEP/G&J/22/2018
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes & Customs
(Directorate General of Export Promotion)
******

New Delhi, Dated: 8
th
August, 2018

To,

All Pr. Chief Commissioners/ Chief Commissioners of Customs/ Customs &
Central Tax/ Customs (Preventive)

All Pr. Commissioners/ Commissioners of Customs/ Customs & Central
Tax/ Customs (Preventive)


Subject: Standard operating procedures for discharge of bonds
executed by nominated agencies/ banks under
Notification no. 57/2000-Customs dated 08.05.2000.

Madam/ Sir,

References have been received from the exporter associations that
there is an inordinate delay in release of bonds executed by the nominated
agencies/ banks under Notification no. 57/2000 -Customs dated
08.05.2000, while importing gold for the purpose of export of gold jewellery/
articles. Accordingly, the matter was examined and the reports received
from the field formations confirm that there is indeed a large pendency of
subject bonds.

2. In the aforementioned background, in the interest of trade facilitation,
it has been decided that following standard operating procedure will
henceforth be followed for the expeditious discharge of the said bonds.

(i) Nominated agencies/ banks would electronically provide the
prescribed documents as proof of exports as provided under Para 4.68 of
Handbook of Procedures of the Foreign Trade Policy, (2015-20) (FTP) within
the time period prescribed in the FTP. These documents are (i) EP copy of
shipping bill, (ii) Customs attested invoice, (iii) Bank certificate of
realization/ eBRC.

(ii) The prescribed documents would be submitted electronically by the
nominated agencies/ banks to the Assistant/ Deputy Commissioner of
Customs using dedicated e-mail. For this purpose suitable Trade Notice
specifying the said e-mail address shall be issued by the Commissioners.

The e-mail may also be displayed in the public domain on the website of the
field formation concerned.

(iii) The concerned officer i.e. Assistant/ Deputy Commissioner of
Customs would issue an electronic acknowledgement immediately within 24
hours of receipt of the documents.

(iv) If the submitted documents are found to be incomplete or additional
documents are required, a deficiency memo would be issue d to the
nominated agency/ banks for submission of missing/ additional documents
within 5 days of receipt of the documents.

(v) The additional documents, other than the prescribed documents ,
would be requisitioned only with the prior approval of the Additional
Commissioner of Customs concerned.

(vi) Nominated agencies/ banks would electronically provide the deficient/
additional documents so required within 7 days of the receipt of the
deficiency memo.

(vii) Within 7 days of the receipt of the prescribed documents or the receipt
of the deficient/ additional documents, as the case may be, the Assistant/
Deputy Commissioner of Customs would confirm the fact of export. This
can also be done by viewing the relevant documents on the ICES application
of Directorate General of Systems (invoices would be available thereon once
e-Sanchit is rolled out on the export side).

(viii) Assistant/ Deputy Commissioner would discharge the bond of
nominated agency/ banks within 7 days of confirmation of the export.

3. A concerted drive may be started for the discharge of the pending
bonds as it is seen that a large number of bonds are pending release. The
pendency of bonds needs to be cleared within 2 months. A report regarding
the discharge of the bonds may be submitted by 05.10.2018 through e-mail
at dgep-dor@nic.in

4. Difficulties, if any, may be brought to the notice of the Board.

5. Hindi version follows.


Yours faithfully,



(Saroj Kumar Behera)
Joint Director