Introduction of Bond Management System and Extension of ICES (Imports) to processing of Bills of Entry relating to goods

Introduction of Bond Management System and Extension of ICES (Imports) to processing of Bills of Entry relating to goods https://www.taxtmi.com/circulars?id=55543 A centralized Bond Management System in the Customs EDI System will register and maintain bonds, bank guarantees and sureties, record debits/credits for electronic and manual Bills of Entry, and generate a single running bond registration number printed on assessed B/Es. The system enforces bond/BG validation and prevents goods registration or release unless bond/BG debits are completed; Appraising Officers specify bond type and amount with AC confirmation, and detailed procedures govern warehousing, provisional assessments, high seas sales valuation, EOU registration and job-work exemptions. en-us Tue, 29 Jan 2002 00:00:00 +0530 Tue, 27 Dec 2016 14:54:00 +0530 TaxTMI RSS Generator Introduction of Bond Management System and Extension of ICES (Imports) to processing of Bills of Entry relating to goods https://www.taxtmi.com/circulars?id=55543 A centralized Bond Management System in the Customs EDI System will register and maintain bonds, bank guarantees and sureties, record debits/credits for electronic and manual Bills of Entry, and generate a single running bond registration number printed on assessed B/Es. The system enforces bond/BG validation and prevents goods registration or release unless bond/BG debits are completed; Appraising Officers specify bond type and amount with AC confirmation, and detailed procedures govern warehousing, provisional assessments, high seas sales valuation, EOU registration and job-work exemptions. Circulars Customs Tue, 29 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55543