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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Procedures for Bond Discharge: Electronic Submission of Export Proof Required Under Customs Notification No. 57/2000.</h1> The circular outlines the standard operating procedures for the discharge of bonds executed by nominated agencies or banks under Customs Notification No. 57/2000. It mandates electronic submission of export proof documents, such as the shipping bill, customs-attested invoice, and bank certificate of realization, to the Assistant/Deputy Commissioner of Customs via a designated email. An electronic acknowledgment is issued within 24 hours. If documents are incomplete, a deficiency memo is issued, requiring submission of additional documents within seven days. Upon confirmation of export, the bond is discharged within seven days. These procedures are effective immediately.
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