Intellectual Property Rights (IPRS) Enforcement regime- Boards Circular No. 10/2011- Customs dated 24-Feb-2011 web enabled Centralized Bond Management Module

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....4- Feb-2011 on the implementation of Centralized Bond Management Module as part of the  existing Automated  Recordation and Targeting System (ARTS) for   IPR Protection. The main Objective of this system is to provide for a single Centralized Bond Account with security that can be used at all ports in India, so that the right -holders do not have to rush to different Customs formations to execute consignment specific bonds with securities, in case of interdiction of allegedly infringing consignments at different Customs formations. The details of Centralized Bond Management module are explained in the aforementioned CBEC Circular. 1. The Centralized Bond Management module under ARTS for IPR Protection will be implemen....

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....ngness and submitting the Centralized Bond with security, as prescribed. Otherwise, they will continue to operate in the existing system of general bond and consignment specific bonds. 1. A Centralized Bond (which will be a running bond) can be registered only at the Customs location where the UPRN is registered. The right-holders exercising the centralized bond will have to necessarily furnish a centralized bond, in the format as per  Annexure -I to the CBEC Circular No. 10/2011-Customs dated 24- Fen-2011 , and security in the prescribed format for an amount equivalent to 25% of the value of the centralized bond. 1. Upon fulfillment of these requirements by the right-holder, the Customs formation, where the right- holder is regi....