Customs - Timely cancellation of bond executed with Customs in Advance Authorization Cases - reg
THE Commissioner of Customs (NS-IV), JN Custom House, Mumbai issued a Public Notice yesterday highlighting that in the matter of time taken in cancellation of bonds executed by exporters in respect of advance authorizations, the following guidelines have been issued.
a) Regarding verifications of address shown on authorisation/availability of inputs imported duty free, the percentage of random checks have been reduced from “at least 5%” cases to “5% cases”. These checks are to be initiated periodically every month and the checks/ verification will be completed during the validity of authorization.
b) Non-receipt of confirmation from Central Excise will not cause delay in processing a subsequent application for cancellation of bond.
c) The exporters are requested to identify those cases, where export obligation period is getting over and keep their documents ready for processing.
d) The exporters are requested to provide their email to Customs so that they may be informed in the event of their authorization being selected for checks/ verification.
e) to bring transparency into the process of bond cancellation for Advance Authorisation, a verifiable record will be kept in respect of the applications received for bond cancellation with documents, and every 3rd day or earlier if required by quantum of EODC inflow, selection for checks will be made from the relevant applications and intimated to the exporters. Exporters are requested to share their e-mail addresses on the application.
The CBEC had actually issued these instructions on 02.12.2015 and the Board wanted the Chief Commissioners to give publicity to these guidelines through issuing public notice. Board had requested the Chief Commissioners to monitor the functioning on a monthly basis and ensure strict implementation.
It took just six months for the Public Notice to be issued.