OFFICE OF THE COMMISSIONER OF CUSTOMS

NEW CUSTOM HOUSE: PANAMBUR: MANGALORE 575 010

S-3/366/2000 Bonds                                                                                                  Dated: 21/11/2000

PUBLIC NOTICE NO. 24/2000

Attention of all importers/CHAs and all other concerned is invited to the provisions contained in Sec.18 of the Customs Act, 1962 and Customs (Provisional Duty Assessment) Regulations, 1963 wherein imported goods can be assessed to duty provisionally subject to conditions stipulated therein.

  2. It is noticed that Importers/CHAs while executing Provisional Duty Bond are not complying with the conditions stipulated in the regulations and are not executing bonds in the format prescribed by the Board in form 3 to 8, as the case may be, reproduced in the customs manual. It is further noticed that the time limit sought for submission of original documents / required information is six months or within such extended period as the proper officer may allow.    As per rule 3 of the Regulations the time limit prescribed is one month or such extended period as the proper officer may allow.  Apart from this, it is also noticed that most of the importers do not give any security or surety as envisaged under Rule 4 of the Regulations.

   3. Due to non-compliance of the above rules, there are anumber of P.D bonds pending for a long period and the importers do not come forward to close the P.D bonds executed by them. This office is also unable to review the pendency  periodically and enforce the bond in view of acceptance of P.D bond valid for six months and in the absence of surety / security.

  4. In view of the above, it has been decided that henceforth Provisional Duty Bond will be accepted only in terms of Rule 3 and 4 of the Customs (Provisional Duty Assessment) Regulation, 1963.i.e initial validity period will be one month and extension will be granted only on merits of each case.   The importer will also be required to furnish adequate surety / security as determined by the Appraising Section.

  5. In respect of bonds already executed, the importer/CHAs are directed to produce the required documents to enable this office to finalise the Provisional Duty Bonds without waiting for expiry of the bond.

                                                                                                                            (P.KARTHIKEYAN)

                                                                  COMMISSIONER OF CUSTOMS

To: As per mailing list.