TMI BlogIntroduction of Bond Management System and Extension of ICES (Imports) to processing of Bills of Entry relating to goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... purchased on high seas sales basis (ii) exempted under 100% EOU schemes (iii) exempted under Notification No.32/97 (Job work) 2. The format for data entry of B/E at the Service Center has been revised and is appended as Appendix-A to this Public Notice.This format will be adopted for data entry, in supersession of the Annexure I of Public Notice No.112/98 dated 13.11.98. For convenience of correct entry of data in the System, the related details may be carefully indicated in the relevant fields. 3. The details of the proposed changes are indicated in the following paragraphs:- 3.1 Bond Management System Indian Customs EDI System (ICES) proposes centralized Bond Cell, which will be responsible for maintenance of documents related to Bonds, Bank Guarantees and Undertakings. Officers of the rank of DC/AC shall handle the Bonds. The Bond Cell will be responsible for the following : - Registration of Bonds/undertakings, Bank Guarantees, Sureties - Debit and Credit of Bonds for EDI BEs and Manual BEs - Closure of Bonds, Bank Guarantees - Enhancements - Issue of recovery notices - Issue of reminders - Generation of MIS reports Both, the Revolving ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ter acceptance of the bond by AC/DC the bond documents shall be taken by the bond officer/bond clerk. The Bond officer/Bond clerk after receipt of the Bond/BG/Security etc. shall enter in the system the location of bond storage where the bond documents have to be physically stored. At this stage the system will generate the bond registration No. This Registration Number has to be endorsed on the original documents and also communicated to the importer for their future reference. 3.4 Bond Registration Number System would maintain a single running Serial No. for all types of Bonds. The Bond No. need not be initialized every year. Bond No. to start with Serial No.100001. 4.0 Processing of Bill of Entry (with Bond) 4.1 Declaration in the Service Center In case the importer has already registered a Continuity Bond with the Bond Cell, he has to specify the type of Bond and Registration Number in the Service Centre declaration. However, the Bond value and BG amount is determined by the Appraising Officer. If Continuity Bond is not there, no declaration (bond) need to be given in the Service Centre. Bond details will be printed on the Checklist. In case of EOU Bond alr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Bonds) has the option to re-credit value after finalization of assessment Following entries will be made in the Bond and BG ledgers; - Date of credit - BE No. and Date - Amount credited - Reasons for credit (a) assessment finalized no recovery (b) assessment finalized and differential deposited separately. (c) Necessary end use certificate submitted. (d) Re-warehousing certificate submitted. (e) Test results received confirming the goods as declared by the importer in the BE. (f) Others.(specify) Bond Ledger Format BE No BE Date Type of Document (Manual or EDI) Debit Amount (Specified by AO) Credit amount Date of debit/credit Officer Id. 5.0 Debiting of the Bond for manual Bill of entry. A continuity or a specific bond shall be accepted registered in the system. A continuity bond registered in the system can be utilized in respect of an electronic as well as manual bill of entries. For debiting manual bill of entry the bond officer shall select the option of MBE-debit and enter the details of the manual bill of entry and amount of bond/BG etc.. After debiting, a debit slip will be generated which can be printed one copy ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y as explained for EOU bill of entry. The type of bond for provisional assessment shall be PD . The System will indicate sum of the duty assessed provisionally for assistance of the appraiser for determining the amount of bond/BG for debiting. The Appraiser can change the amount of bond and/or B.G. for debiting. If the bond details has not been entered at the time of data entry, the system will enforce bond. The Appraiser shall specify the amount of bond and bank guarantee. The duty if any assessed shall be deposited with designated bank as usual. The bill of entry will not be registered in the shed/docks for examination out of charge till the duty is paid and the bond and BG as specified has been debited. The details of bond debit or the bond requirements shall be printed on the provisionally assessed B/E. Details of a debited bond will also be printed on the Importer s copy and Exchange control copy of Bill of Entry. In case any Cash deposit is required to be taken, the Appraiser can specify the amount of Cash deposit , the Challan for Cash deposit will also be printed with the assessed copy of B/E which will also be deposited with the designated bank like the duty a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te or value of High Sea Sales Charges and the IEC with name of the Seller will also be printed on the assessed copy, Importer s Exchange Control copies of the B/E. 6.4 Imports by 100% EOUs :- ( A ) Registration of EOU. All the 100% Export Oriented Units including STP/EHTP etc. will be required to be registered as EOU in the System before filing of a bill of entry. The designated officer shall make data entry for registration of an EOU. All verifications and authentications including all checks to determine the eligibility of the importer to be registered as an EOU and for exemption from duties shall be carried out before a unit is registered in the System as an EOU. Following details should be furnished by the EOU for registration. 1. Importer Exporter Code (IEC) 2. IEC Branch Code. (All other details including BIN shall be captured from the information sent by DGFT against the IEC) 3. EOU type I A EOU - General B EOU - Aquaculture C EOU Agriculture/Floriculture D EOU Granite E - EOU gems and jewellery F EOU Others (specify) II STP III - EHTP 4. EOU Approval No. 5. Approving Authority 6. Approval date 7. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of EDI EOU B/Es. Therefore it is decided that the Unit will get block transfer of B17 Bond from Jurisdictional Supdt.of Customs of Customs Division as per enclosed format which will be valid for a period of 3 months. All the duty forgone against each bill of entry cleared will be debited from Block transfer. After the end of 3 months, the EOU/EHTP/STP Units have to get a fresh Block Transfer for debit. The Re-warehousing certificate of the Bills of Entry cleared have to be submitted within one month. In the field of claim of assessment normal details shall be indicated. However, in the fields of Additional information for claiming benefits under specified exemption schemes in Col.(I) the prescribed Exim code for the relevant scheme related to imports like EOU/STP/EHTP would required to be indicated. The Exim codes for the various schemes have already been notified in the Handbook of Procedures issued by DGFT. List of codes is enclosed for ready reference. In Col.2 the relevant applicable exemption notification No /Year .with S.No of item in the notifications is required to be indicated against the respective item. The data entry operator shall enter the code of EOU a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the bill of entry where neither bond is debited nor a central excise certificate is indicated the system will print the bond/BG requirements as specified by the Appraiser. In case the importer has executed the bond with the central excise authorities, he shall produce the procurement certificate issued by the central excise officer to assessing officer along with the unassessed copy of the Bill of Entry. Assessment of Bill of Entry would be done after due verification of all the concerned documents. System would generate a communication consignment and requesting for confirmation about re-warehousing. System would enable monitoring of the movement of the goods through appropriate MIS reports. After completion of the assessment the bill of entry shall be put to Bond queue for execution/debiting of bond. Where any duty amount has been assessed, the duty shall be deposited in the bank as usual. Unless the Bond Officer completes the action of debiting the bond in the system, the B/E will not be available for registration for examination and out of charge. Procedure for registration of Bond/BG has been explained earlier in this Public Notice. 7. Availing exemption under JOBB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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