Execution of Triple Duty Bond required for bond to bond warehouse transfers; buyer must file bond and port notified for monitoring. Purchasers of warehoused imported goods must execute a consignment specific Triple duty bond with applicable security at the port of import before bond to bond transfer. The buyer's application to the port Bond Section must include seller confirmation, warehouse bill of entry details, description, value and duty, warehouse identity and the executed bond. Where EDI cannot receive subsequent buyer bonds the port will accept bonds manually and record them in a Bond Register, and will notify the Bond Officer of the warehouse of bond details; transfer at the warehouse follows verification and issuance of Annexure recording bond particulars.
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Provisions expressly mentioned in the judgment/order text.
Execution of Triple Duty Bond required for bond to bond warehouse transfers; buyer must file bond and port notified for monitoring.
Purchasers of warehoused imported goods must execute a consignment specific Triple duty bond with applicable security at the port of import before bond to bond transfer. The buyer's application to the port Bond Section must include seller confirmation, warehouse bill of entry details, description, value and duty, warehouse identity and the executed bond. Where EDI cannot receive subsequent buyer bonds the port will accept bonds manually and record them in a Bond Register, and will notify the Bond Officer of the warehouse of bond details; transfer at the warehouse follows verification and issuance of Annexure recording bond particulars.
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