OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-V)
JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA,
TAL. URAN, DIST. RAIGAD, MAHARASHTRA – 400 707.
F. No. S/26-Misc-07/2015-16 SVC Date: 22.02.2016
FACILITY NOTICE NO.29/2016
Subject:-Discontinuation of Manual debit of SVB Bond- reg.
It has been represented by the trade in PTFC and other forums that the procedure of manual debiting of SVB bond and maintenance of manual register is duplication of work which can be done away with.
The matter has been examined. At present the SVB bonds are debited both in the EDI system and manually with endorsement given on the hard copy by the SVC section on the B/E so that the remaining balance in the continuity bond and the EDD amount leviable is known to the assessment group and docks officer.
In the light of Board circular no. 05/2016-custom, dated 09-02-2016, and as a measure of trade facilitation and Ease of Doing Business, it has been decided that henceforth, the SVB bond will be debited in the EDI system only. The practice of manual debit of SVB bond shall be discontinued. However, the schedule of the continuity bond specified at Annexure D & E of the above mentioned Board circular shall be continued to be submitted.
This issues with the concurrence of commissioner of Customs, NS-I & III.
Commissioner of Customs
1. PA to the Principal Chief Commissioner of Customs, Mumbai Zone-II.
2. The Pr. Commissioner of Customs, NS-Gen/NS-II.
3. The Commissioner NS- III
4. The Addl./Joint Commissioner of Customs, NS-I, NS-III, NS-IV and NS-V.
5. All the Dy./Asstt. Commissioner of Customs, NS-Gen, NS-I,NS-II,NS-III, NS-IV and NS-V.
6. Notice Board and Website.