Bank Guarantee must give Detail of Customs Section
The following Public Notice was issued by the Commissioner of Customs (Import) Jawaharlal Nehru Custom House on 2nd June 2011.
[Customs Public Notice No. 92 dated 2nd June 2011]
Subject: Renewal/extension of Bank Guarantees.
It has been observed that, renewed/extended Bank Guarantees (BGs) are being forwarded to this Commissionerate directly by various banks under cover of a letter addressed to the President of India. Commissioner Customs, JNCH. In the absence of Reference/file no of the concerned section, precious time is lost in trying to locate the section to which the BG on the said extension/renewal letter is meant o be delivered to. There are various Sections in this Commissionerate like Groups, Bond Department, No ting Section etc. where the Bonds along with Bank Guarantees are accepted. Although the above said letters mention the name of the Applicant, it is insufficient to associate the Bg with the respective Section where it is required to be sent for follow up. It has been noticed that in the absence of correct/specific reference, the assessment process or enforcement in case of default, is delayed.
2. To mitigate the problem and to help in speedier updation of details, it has been decided that on the request of the applicant, whenever any Bank Guarantee or its renewal/extension letter is issued, it should mention relevant file number/section/group of the custom House. To ensure this, the importer or his representative at the time of application to Bank should mention the name of relevant section/group for incorporation of the same by the concerned Bank on the communication regarding Bank Guarantee or renewal/extension of Bank Guarantee.
3. Difficulties, if any, faced in the implementation of this public notice may be brought to the notice of the undersigned.
F.NO. S/6-GEN-970/2011 BOND JNCH