Attention of all Steamer Agents/Shipping Lines is invited to the Continuity Bonds executed by them with the Asstt. Commissioner of Customs, Container Cell, JNCH, for temporary importation of containers of durable nature claiming exemption from customs duty in terms of Govt. of India, Ministry of Finance, Notification No. 104/94 Cus dated 16.3.1994 (as amended) and Public Notice No. 49 of 2005 dated 10.10.2005
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Continuity bonds compliance required: failure to re export within the stipulated period triggers customs duty recovery and possible penal action. Continuity Bonds for temporary importation of durable containers require re export within the stipulated period, timely application for extensions from Proper Officers as per standing procedure, and submission of monthly statements of containers pending re export. Failures to comply with these conditions have been observed. Non compliance will result in enforcement to recover customs duty with applicable interest and may attract penal action under the Customs Act.
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Continuity bonds compliance required: failure to re export within the stipulated period triggers customs duty recovery and possible penal action.
Continuity Bonds for temporary importation of durable containers require re export within the stipulated period, timely application for extensions from Proper Officers as per standing procedure, and submission of monthly statements of containers pending re export. Failures to comply with these conditions have been observed. Non compliance will result in enforcement to recover customs duty with applicable interest and may attract penal action under the Customs Act.
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