TaxTMI 
TaxTMI 
Introduction of Bond Management System and Extension of ICES (Imports) to processing of Bills of Entry relating to goods
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....ng to Goods :- (i) purchased on high seas sales basis (ii) exempted under 100% EOU schemes (iii) exempted under Notification No.32/97 (Job work) 2. The format for data entry of B/E at the Service Center has been revised and is appended as Appendix-A to this Public Notice.This format will be adopted for data entry, in supersession of the Annexure I of Public Notice No.112/98 dated 13.11.98. For convenience of correct entry of data in the System, the related details may be carefully indicated in the relevant fields. 3. The details of the proposed changes are indicated in the following paragraphs:- 3.1 Bond Management System Indian Customs EDI System (ICES) proposes centralized Bond Cell, which will be responsible for maintenance of documents related to Bonds, Bank Guarantees and Undertakings. Officers of the rank of DC/AC shall handle the Bonds. The Bond Cell will be responsible for the following : - Registration of Bonds/undertakings, Bank Guarantees, Sureties - Debit and Credit of Bonds for EDI BEs and Manual BEs - Closure of Bonds, Bank Guarantees - Enhancements - Issue of recovery notices ....
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.... the bond details on screen by entering the job system match with the documents & conditions for acceptance of the bonds are satisfied, the AC/DC may accept the bond in the system. The AC/DC can also make corrections in the system if so required. After acceptance of the bond by AC/DC the bond documents shall be taken by the bond officer/bond clerk. The Bond officer/Bond clerk after receipt of the Bond/BG/Security etc. shall enter in the system the location of bond storage where the bond documents have to be physically stored. At this stage the system will generate the bond registration No. This Registration Number has to be endorsed on the original documents and also communicated to the importer for their future reference. 3.4 Bond Registration Number System would maintain a single running Serial No. for all types of Bonds. The Bond No. need not be initialized every year. Bond No. to start with Serial No.100001. 4.0 Processing of Bill of Entry (with Bond) 4.1 Declaration in the Service Center In case the importer has already registered a Continuity Bond with the Bond Cell, he has to specify the type of Bond and Registration Number in the Service Centre....
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....redit balance in the Bond and BG Ledgers, the system will not allow debit and the AC/DC has to raise a query to the Importer for filing fresh bond/BG. The system will not allow goods registration and out of charge, if the debit entry is not made against the BE in the Bond and BG Ledgers. 4.4 Bond re-credit AC (Bonds) has the option to re-credit value after finalization of assessment Following entries will be made in the Bond and BG ledgers; - Date of credit - BE No. and Date - Amount credited - Reasons for credit (a) assessment finalized no recovery (b) assessment finalized and differential deposited separately. (c) Necessary end use certificate submitted. (d) Re-warehousing certificate submitted. (e) Test results received confirming the goods as declared by the importer in the BE. (f) Others.(specify) Bond Ledger Format BE No BE Date Type of Document (Manual or EDI) Debit Amount (Specified by AO) Credit amount Date of debit/credit Officer Id. 5.0 Debiting of the Bond for manual Bill of entry. A continuity or a sp....
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....s the bond is debited in the system, bill of entry cannot be registered for examination & out of charge at the shed/docks. 6.2 Provisional Assessments:- Where an item of the bill of entry is assessed provisionally by the Appraiser irrespective of the fact, whether EOU/W/Hg Bill of Entry , PD bond will also be required in addition to the EOU/WHg. Bond. The details of the bond can be entered at the time of data entry as explained for EOU bill of entry. The type of bond for provisional assessment shall be 'PD' . The System will indicate sum of the duty assessed provisionally for assistance of the appraiser for determining the amount of bond/BG for debiting. The Appraiser can change the amount of bond and/or B.G. for debiting. If the bond details has not been entered at the time of data entry, the system will enforce bond. The Appraiser shall specify the amount of bond and bank guarantee. The duty if any assessed shall be deposited with designated bank as usual. The bill of entry will not be registered in the shed/docks for examination & out of charge till the duty is paid and the bond and BG as specified has been debited. The details of bond debit or the bond requirements ....
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....B/E shall be processed under the EDI-System as a normal B/E. The Appraiser, Auditor, AC/DC at the time of processing the B/E will be able to view the details of rate or value of High Seas charges. The Appraiser assessing the B/E will also be able to change the rate or value of High Seas Sales charges though change option. Principles of natural justice would need to be followed wherever required. The details of the rate or value of High Sea Sales Charges and the IEC with name of the Seller will also be printed on the assessed copy, & Importer's & Exchange Control copies of the B/E. 6.4 Imports by 100% EOUs :- ( A ) Registration of EOU. All the 100% Export Oriented Units including STP/EHTP etc. will be required to be registered as EOU in the System before filing of a bill of entry. The designated officer shall make data entry for registration of an EOU. All verifications and authentications including all checks to determine the eligibility of the importer to be registered as an EOU and for exemption from duties shall be carried out before a unit is registered in the System as an EOU. Following details should be furnished by the EOU for registration. 1. Importer E....
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.... If Bond or Central Excise Certificate are not indicated it would be 'N' i.e. NONE. The data entry operator shall enter the related option Y or C and enter the details of the bond or the certificate as the case may be in the the details of the bond or the certificate as the case may be in the respective field in the system. For the 100 % EOU/EHTP/STP units registered with Customs Division,Bangalore, the procurement certificate requirement has been dispensed with by Commissioner of Customs, Bangalore. But EDI system will require either Bond particulars or procurement Certificate for assessment and clearance of EDI EOU B/Es. Therefore it is decided that the Unit will get block transfer of B17 Bond from Jurisdictional Supdt.of Customs of Customs Division as per enclosed format which will be valid for a period of 3 months. All the duty forgone against each bill of entry cleared will be debited from Block transfer. After the end of 3 months, the EOU/EHTP/STP Units have to get a fresh Block Transfer for debit. The Re-warehousing certificate of the Bills of Entry cleared have to be submitted within one month. In the field of claim of assessment normal details shall be indicated. ....
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....he amount in the field of BG should be entered as 0(Zero). The appraiser has the option of removing EOU notification where the importer is not found to be eligible for the exemption. Where the importer has not furnished bond or central excise certificate, the system will require the assessing officer to specify the bond amount/BG amount. The Appraiser shall specify the Bond & Bank Guarantee amount in system. After processing by the Appraiser the B/E will be audited by the Auditor and thereafter processed by the AC/DC Group VII. After the assessment a print of the Bill of Entry can be obtained. The details of the bond/BG shall be printed on the bill of entry where neither bond is debited nor a central excise certificate is indicated the system will print the bond/BG requirements as specified by the Appraiser. In case the importer has executed the bond with the central excise authorities, he shall produce the procurement certificate issued by the central excise officer to assessing officer along with the unassessed copy of the Bill of Entry. Assessment of Bill of Entry would be done after due verification of all the concerned documents. System would generate a communication con....