SVB bond procedure modified: continuity bonds registered at SVC and debited physically and on EDI for import consignments. Procedure centralises SVB bond execution at the Special Valuation Cell: importers submit a Continuity Bond to SVC for acceptance and registration; bonds are entered in a Bond Register, debited physically against the hard copy Bill of Entry with an endorsement, and also registered and debited on EDI. Groups provisionally assess Bills of Entry and record revenue deposit details in comments. SVC sends a monthly summary of debited bonds with Bill of Entry details to SVB; the same steps apply to subsequent consignments.
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Provisions expressly mentioned in the judgment/order text.
SVB bond procedure modified: continuity bonds registered at SVC and debited physically and on EDI for import consignments.
Procedure centralises SVB bond execution at the Special Valuation Cell: importers submit a Continuity Bond to SVC for acceptance and registration; bonds are entered in a Bond Register, debited physically against the hard copy Bill of Entry with an endorsement, and also registered and debited on EDI. Groups provisionally assess Bills of Entry and record revenue deposit details in comments. SVC sends a monthly summary of debited bonds with Bill of Entry details to SVB; the same steps apply to subsequent consignments.
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