Custody and monitoring of Bonds and Bank Guarantees

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..... Guarantees - reg. Kind attention of all Importers, Exporters, Members of Trade and Industry Associations, Customs Brokers and others is drawn to the Office Order No. 01/2017 dated 12/01/2017 (copy enclosed) issued by Addl. Commissioner, Chief Commissioner's Office, Mumbai Zone-Ill vide F. No. S/I-16(02(/CCO-III/Admn/2017. In this regard, exclusive separate Bond and Bank Guarantee Cells (BBG .....

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..... all ensure monitoring of their Bonds and Bank Guarantees and issue demand letters / reminders to importers / banks on timely basis. For entering of Bond / BG details and debiting thereof in ICES, the trade can get the same done either in concerned Group or in the respective BBG Cell. As regards processing, acceptance and monitoring of SVB Bonds and Bank Guarantees, the same shall be done by the SV .....

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