TaxTMI 
TaxTMI 
Single Unified Multi-Purpose Electronic Bond in Customs-Ekal Anubandh
X X X X Extracts X X X X
X X X X Extracts X X X X
....trative load on businesses, CBIC has decided to introduce a project named "Ekal Anubandh", wherein trade will be encouraged to use single All-India Multi-purpose Electronic Bond with end-to-end automation. As a first step, single All-India Multipurpose Bond for importers or exporters in lieu of the transaction-wise Bonds being submitted across different ports, thus offering significant potential to save both time and costs in trade procedures. 3.1 At present, importer or exporter submits separate bonds along with security, for every transaction at each port for different scenarios as stipulated in the Board circulars given below: i. Provisional Assessment Circular No. 38/2016 dt. 22.08.2016 and Circular 42/2020-Customs dated 29.09.2020 ii. Export Promotion Schemes - Circular 11A/2011-Customs dated 25.02.2011 iii. Warehousing under Section 59 - Circular 18/2016-Custom dated 14.05.2016 and Circular 21/2016 - Customs dated 31.07.2016 iv. MOOWR in bonded warehouse under section 65 - Circular 34/2019-Customs dated 01.10.2019 v. MOOWR in Special Warehouse under section 65 vide Circular 36/2020-Customs dated 17.08.2020-Customs. 3.2 The cu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ion of Bank Guarantees is also being streamlined. For the sake of uniformity, the quantum of Bank Guarantee to be provided in the different instances prescribed earlier through the Board circulars have been collated and made available in Annexure-F. The importer/exporter may also be able to select the quantum of bank guarantee applicable for different purposes like provisional assessment, EP schemes etc. Further, a separate option is also available in case there is a need for having different quantum of bank guarantee other than those specifically listed in Annexure F. The detailed procedure for linking of Bank guarantee with the bond is elaborated in Annexure-B. 6. With electronic bonds and bank guarantees, importers/exporters/customs brokers can manage and track documents in real time, ensuring greater security and transparency throughout transactions. The "Ekal Anubandh" project ensures that above digital solutions are environmentally friendly, cost-effective, and more convenient, as they eliminate the need for physical signatures and paperwork, allowing for faster approvals and fewer delays. Therefore, the importers and exporters are encouraged that, wherever required, impor....
X X X X Extracts X X X X
X X X X Extracts X X X X
....alf of the legal person. The manner of affixing digital/electronic signature would be elaborated by ICEGATE in its Guidelines. There is no requirement of notarising the electronic bond. 5. In brief, the procedure of execution of SEB is as follows: (a) SEB can be using executed bond for Provisional Assessment (including CAROTAR, Chemical tests etc), Export Promotion Schemes, Re-Export Purposes, Import as per Section 143, Warehousing under Public/Private/Special Warehouses, Manufacture and Other Operations in Private Warehouse, Manufacture and Other Operations in Special Warehouse etc. National Bond under IGCR procedure will continue to be provided separately. (b) The Bond Application can be initiated by selecting appropriate obligations along with the supporting documents in the ICEGATE Portal and submitted. (c) Along with the Bond, The appropriate purpose codes, if the quantum of bank guarantee is already known, may be indicated. It is to clarify that, only quantum is to be indicated. Bank Guarantee may be submitted only when required i.e during import or export of the goods. (d) The Application will be scrutinized and the clarifications ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... under the Customs Act, 1962 Multi Purpose Bond for Importers/Exporters under the Customs Act, 1962 KNOW ALL MEN BY THESE PRESENTS THAT I/We, M/s..............................having registered office located at.............................and holding Import-Export Code No..............hereinafter called the "obligor(s)" (which expression shall include my/our successors/heirs, executors, administrators and legal representatives) are held and firmly bound unto the President of India hereinafter called the "President" (which expression shall include his successors and assigns) in the sum of Rs...........(Rs.....................) to be paid to the President for which payment well and truly to be made, I/we bind ourselves, my/our successors, heirs, executors, administrators and legal representatives firmly by these presents. For Bond without Surety, with or without Bank Guarantee KNOW ALL MEN BY THESE PRESENTS THAT I/We, M/s..............................having registered office located at.............................and holding Import-Export Code No..............hereinafter called the "obligor(s)" (which expression shall include my/our successors/heirs, executors, ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e : (A) In the event of import or export under Provisional Assessment: If the bounden obligor has been permitted from time to time by the Assistant Commissioner of Customs/Deputy Commissioner of Customs, (hereinafter called the "proper officer") to make provisional assessment, pending submission of further documents and/or furnishing information and/or completion of further enquiries and/or chemical test and/or other test and/or pending verification of proof of origin or verification consistent with the trade agreement, the obligor shall fulfill the following obligations: a. undertake to produce such documents and furnish such information as may be called for by the proper officer, within one month or within such extended period as the proper officer may allow; and b. pay to the President, the difference between the duty finally assessed and the duty provisionally assessed, along with interest, if any on finalization of provisional assessment by the proper officer, in respect of the goods imported or exported from time to time. c. pay to the president any other sum, if any for contravention of the provisions of Customs Act 1962 and the rules and regulations made ther....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... full or part of the export obligation as specified in the said notification(s) and the authorizations, undertake to pay the customs duty but for the exemption, interest at the applicable rates thereon forthwith, penalty and fine and without any demur, to the Government. f. comply with the conditions and limitations stipulated in the said Foreign Trade Policy, Hand Book of Procedures and Circular(s) issued by CBIC as amended from to time. g. not change the name and style under which doing business or change the location of the manufacturing premises except with the written permission of the proper officer; and h. keep the bank guarantees / securities, if any furnished, alive till the discharge of the obligation under this bond to the satisfaction of the proper officer. AND if the obligor has satisfied the above conditions, in respect of the goods imported from time to time, this obligation to that extent shall be void". (C) In the event of import and export without payment of duty or on payment of concessional duty in terms of the notifications issued under the Customs Act, 1962: If the bounden obligor has been permitted from time to time by the proper officer to ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....der to that effect from the Commissioner of Customs or any officer in his behalf; and g. forthwith pay such fine and / or penalty and be liable for such punishment as the Commissioner of Customs or any officer on his behalf may order under any other Act in force, as applicable. AND if the obligor has duly imported or exported goods subject to the above provisions and has satisfied the above conditions, in respect of the goods imported or exported, this obligation to that extent shall be void. (E) In the event of warehousing of goods and requirement of bond in accordance with sub-section (2) of section 59 of the Customs Act, 1962: If the obligor has been permitted by the Assistant/ Deputy Commissioner of Customs to enter into a General Bond for the purpose of sub-section (2) of Section 59 of the Customs Act 1962, in respect of warehousing of goods to be imported by the obligor, the obligor shall fulfill the following obligations: a. comply with all the provisions of the Act, the rules and regulations made thereunder in respect of such goods; b. pay on or before the specified date in the notice of demand, all duties and interest payable under sub-section (2) of sect....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ise for job work, if the obligor has duly exported or cleared for home consumption, subject to the above provisions and has satisfied the above conditions, in respect of the warehoused goods used as input in the resultant product and the waste or refuse as has arisen from the operations carried on in relation to the resultant goods, this obligation to that extent shall be void. (G) In the event of permission for manufacture and other operations in special warehouse in accordance with section 65 of the Customs Act, 1962: If the obligor has been granted by the Principal Commissioner or Commissioner of Customs a license to operate a warehouse under section 58A of the Customs Act 1962 and permission to carry manufacture and other operations in special warehouse under section 65 of the said Act, and if the obligor has been permitted by the Assistant/ Deputy Commissioner of Customs to enter into a General Bond for the purpose of sub-section (2) of Section 59 of the Customs Act 1962, in respect of warehousing of goods to be imported by the obligor, the obligor shall fulfill the following obligations: a. comply with all the provisions of the Customs Act 1962, Central Goods and Ser....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s) in the manner laid down in subsection (1) of Section 142 of the Customs Act, 1962 without prejudice to any other mode of recovery. Provided always that the liability of the surety hereunder shall not be impaired or discharged by reason of any time being granted or any forbearance, act or omission of the Government (whether with or without the knowledge or the consent of the surety) in respect of or in relation to the obligation and condition to be performed or discharged by the obligor(s) nor shall it be necessary to sue the obligor(s) before suing the surety for amounts hereunder; C) The President shall, at his option, be competent to make good all the loss and damages from the amount of the security deposit or by endorsing his rights under the above-written bond or the both; AND The President of India shall, at his option, be competent to make good all the loss and damage by endorsing his rights under the above written bond. D) This bond shall remain in force from the date hereof and the obligation and liability of the obligor shall be a continuing one in respect of all goods imported or exported from time to time by the obligor. In these presents the words imposin....
X X X X Extracts X X X X
X X X X Extracts X X X X
....such goods; b. pay in the event of their failure to discharge their obligation, the full amount of duty chargeable on account of such goods together with their interest, fine and penalties payable under section 72 of the said Act, in respect of such goods c. pay all penalties and fines incurred for contravention of the provisions of the Customs Act 1962, Central Goods and Services Tax Act, 2017 or Integrated Goods and Services Tax Act, 2017 or Goods and Services tax (Compensation to States) Act, 2017 and the rules and regulations made thereunder in respect of such goods; AND, notwithstanding the transfer of the goods to any other premise for job work, if the obligor has duly exported or cleared for home consumption, subject to the above provisions and has satisfied the above conditions, in respect of the warehoused goods used as input in the resultant product and the waste or refuse as has arisen from the operations carried on in relation to the resultant goods, this obligation to that extent shall be void. For Example the importer/exporter is additionally applying for Condition (F) and Condition (G). (G) In the event of permission for manufacture and other....
X X X X Extracts X X X X
X X X X Extracts X X X X
.................. Accepted for and behalf of the President of India by < Name of the Customs Officer >, < Designation > by appending electronic signature on the day and year, indicated therein. Annexure-E SUPPLEMENTARY BOND WITH PROVISION FOR ADDITION OF BOND VALUE KNOW ALL MEN BY THESE PRESENTS THAT the Proper Officer of Customs has been pleased to accept on behalf of the President of India the Multipurpose bond executed by us vide request dated...........and assigned the Multipurpose Bond Number .......... And WHEREAS the amount bound by myself / ourselves [herein after called the obligor(s)] is inadequate to cover the Customs duty liability arising on account of any the conditions of the multipurpose Bond referred in para above, the obligor(s).................... having registered office located at........................... is/are held and firmly bound unto the President of India hereinafter called the "President" (which expression shall include his successors and his representative Officers like Commissioner of Customs and his authorized officers) in the sum of Rs........... (Rupees........ .........only), in addition to any amount bound earlier, to be....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Duty foregone in case of concessional rate and AV of goods in other cases E2 EPCG/AA/DFIA - a. not covered under Sl. no. 2.1 (a,b,c,d,e) of Circular 17/2009-Cus dated 25.05.2009 b. Units in AEZ c. Established Service Providers who have free FOREX earning of 50 lakhs or more during previous FY 15% Duty foregone in case of concessional rate and AV of goods in other cases E3 EPCG/AA/DFIA - a. Service providers handling sector who are appointed as Custodians by concerned jurisdictions 25% Duty foregone in case of concessional rate and AV of goods in other cases E4 Others 100% Duty foregone in case of concessional rate and AV of goods in other cases EZ Officer Determined Duty foregone in case of concessional rate and AV of goods in other cases Concessional Rate other than those under IGCR (Scenario C) R1 Container 0 R1 R2 Jobbing 0 R2 RZ Officer Determined Import as per Section 143 (Scenario D) D1 Section 143 0 duty+interest accrued thereon during proceeding period DZ Officer Determined duty+....
X X X X Extracts X X X X
X X X X Extracts X X X X
....etals and articles thereof warehoused at the time of deposit (Other than AEO) 100% duty W9 Gold, silver, other precious metals and articles thereof warehoused at the time of deposit by AEO T1 Clients 50% duty WA Gold, silver, other precious metals and articles thereof warehoused at the time of deposit by AEO T2 Clients 25% duty WZ Officer Determined duty+interest accrued thereon during preceeding period WZ MOOWR in private warehouse in accordance with section 65 (SCENARIO F) M1 MOOWR in Private Warehouse 0 MZ Officer Determined MOOWR in Special warehouse in accordance with section 65 (SCENARIO G) S1 MOOWR in Special Warehouse 0 SZ Officer Determined Annexure G: List of States and UTs enabled at NeSL for e-BG and e-Customs Bond S. No. States/UTs Integrated with NeSL for Customs Bond Integrated with NeSL for Bank Guaranttee 1 Delhi Yes Yes 2 Gujarat Yes Yes 3 Jharkhand Yes Yes 4 Karnataka Yes Yes 5 Kerala Yes Yes 6 Odisha Yes Yes 7 Pu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nd assigned the Multipurpose Bond Number ............... (hereinafter called the said Agreement) for the due fulfilment by the obligor(s) of the terms and conditions contained in the said Agreement for Rs. _____________ (Rupees ___________________ ) We, --------------------------------------------------------------(hereinafter referred (indicate the name of the bank) to as 'the Bank') at the request of-------------------------------------(obligor(s)) do hereby undertake to pay to the Government an amount not exceeding Rs ------------------------against any loss or damage caused to or suffered or would be caused to or suffered by the Government by reason of any breach by the said (obligor(s)) of any of the terms or conditions contained in the said Agreement. 2. We ---------------------------------(indicate the name of the bank) do hereby undertake to pay the amounts due and payable under this guarantee without any demur, merely on a demand from the Government stating that the amount claimed is due by way of loss or damage caused to or would be caused to or suffered by the Government by reason of breach by the said (obligor(s)) of any of the terms or conditions contained in the sa....
X X X X Extracts X X X X
X X X X Extracts X X X X
....lgence by the Government to the said (obligor(s)) or by any such matter or thing whatsoever which under the law relating to sureties would, but for this provision, have effect of so relieving us. 6. This guarantee will not be discharged due to the change in the constitution of the Bank or the (obligor(s)). 7. We, ------------------------------------------------------------------------(indicate the name of bank) lastly undertake not to revoke this guarantee during its currency except with the previous consent of the Government in writing. 8. Notwithstanding anything contained herein: i.) Our liability under this guarantee shall not exceed INR .......< in words > ii.) We < Name of the Bank >, < address of the bank >, further declare that this Bank Guarantee will be valid from < date > till < date > (inclusive of the claim period) and we undertake to renew this guarantee on its own till all the dues of the Government under or virtue of the said Agreement have been fully paid and its claims satisfied or discharged or till------------------------------------------------------------------------Office/Department/Ministry of -----------------------------certifies that the te....