Easy Procedure for Bond Discharge of Jewellery
Export against Supply by Nominated Agencies
[Circular No. 25/2018-Customs dated 8
August 2018]
Subject: Standard operating procedures for discharge
of bonds executed by nominated agencies/ banks under Notification no.
57/2000-Customs dated 08.05.2000.
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 issued 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.
F.No.
DGEP/G&J/22/2018