TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBIC Sets Standard Procedure for Discharge of Bonds Under Notification No. 57/2000-Customs to Streamline Trade Facilitation.</h1> The Central Board of Indirect Taxes and Customs (CBIC) has established a standard procedure for the discharge of bonds executed by nominated agencies and banks under Notification No. 57/2000-Customs. Agencies and banks must electronically submit prescribed export documents, including shipping bills, invoices, and bank certificates, to the Assistant/Deputy Commissioner of Customs. An electronic acknowledgment is issued within 24 hours, and any deficiencies must be addressed within five days. Additional documents require approval from the Additional Commissioner. The bond is discharged within seven days of confirming the export, ensuring efficient trade facilitation and disposal. Any issues should be reported to the Deputy Commissioner of Customs.
TaxTMI 
TaxTMI 
