Continuity bond permits one-year port clearance for vessels, subject to post-arrival submission of required certificates within seven days. The Board authorised steamer agents to submit a one year continuity bond/guarantee in the annexed format to obtain Advance/EDI Port Clearance, thereby obviating execution of a fresh bond at each entry. Clearance under the continuity bond is conditional on submitting specified certificates within seven days of the vessel's sailing, and failure to comply will invite action under the Customs Act, 1962. The bond must be executed before the Preventive General Dy./Asst. Commissioner of Customs on prescribed stamp paper and is renewable, issuing a reference number for covered vessels.
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Provisions expressly mentioned in the judgment/order text.
Continuity bond permits one-year port clearance for vessels, subject to post-arrival submission of required certificates within seven days.
The Board authorised steamer agents to submit a one year continuity bond/guarantee in the annexed format to obtain Advance/EDI Port Clearance, thereby obviating execution of a fresh bond at each entry. Clearance under the continuity bond is conditional on submitting specified certificates within seven days of the vessel's sailing, and failure to comply will invite action under the Customs Act, 1962. The bond must be executed before the Preventive General Dy./Asst. Commissioner of Customs on prescribed stamp paper and is renewable, issuing a reference number for covered vessels.
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