CBIC, DGEP's Circular 25/2018-Cus dated 08.08.2018 Standard operating procedures for discharge of bonds executed by nominated agencies/ banks under Notification no. 57/2000-Customs dated 08.05.2000
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Discharge of export bonds: standardised electronic submission and strict timelines for nominated banks to secure bond release. Nominated agencies/banks must electronically submit prescribed proof-of-export documents (EP copy of shipping bill, customs-attested invoice, bank certificate of realization/eBRC) within FTP timelines. The customs officer will acknowledge receipt within 24 hours; if incomplete, a deficiency memo will be issued within five days and additional documents must be provided within seven days. Requests for extra documents require Additional Commissioner approval. Export confirmation will be completed by document review or ICES within seven days of receipt, and the bond will be discharged within seven days of confirmation.
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Provisions expressly mentioned in the judgment/order text.
Discharge of export bonds: standardised electronic submission and strict timelines for nominated banks to secure bond release.
Nominated agencies/banks must electronically submit prescribed proof-of-export documents (EP copy of shipping bill, customs-attested invoice, bank certificate of realization/eBRC) within FTP timelines. The customs officer will acknowledge receipt within 24 hours; if incomplete, a deficiency memo will be issued within five days and additional documents must be provided within seven days. Requests for extra documents require Additional Commissioner approval. Export confirmation will be completed by document review or ICES within seven days of receipt, and the bond will be discharged within seven days of confirmation.
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