In relation to Processing, maintenance and custody of Bank Guarantees executed and accepted for different purposes (Assessment, Registration of Licenses etc)

x ‘WUM ogee or orataa, a ater i Wee AC, Haru a was er Wee,@@: | OFFICECUSTOMOFTHE HOUSE,PRINCIPAyMUNDRA <OMMISSIONER PORT OF CUSTOMS | | & SEZ, MUNDRA | F. PHONE : 02838 273779 FAX : 271169/271162 i No. VIII/48-42/AG-CHM/ Public Notice /19-20 Dated: 01.12.2034 Subject: SaukPublic SoticeNotice No.No. 1313/202021 In relation to Processin Maintenance and custody of Bank Guarantees ofexecuted Licensesandetc)-regarding,accepted for different Purposes (Assessment, Registration To facilitate the trade and ensure Proper process and custody of Bank Guarantees (BGs) obtained by any Section of the Commissionerate or by FAG of any other Commissionerate, it has been decided to create Centralized Bank Guarantee Cell (BG Cell) at Room No- S, Ground floor. The overall supervision of the Centralized BG Cell will be under the Control of the Deputy/Assistant Commissioner(Bond), CH, Mundra. Further, in Partial modification of the earlier Public Notice No. 14/2020 dtd. 15.07.2020, following Procedure to be followed with immediate effect for accepting, Procuring and keeping custody of Bank Guarantee, (2) All Sections/Groups dealing with BGs for different Purposes of customs related Works, are hereby directed to Process and maintain the BGs in folowing Manner: (i) Authority/section which accepts BG, should ensure “Auto renewal clause” 01.07.2013.

rent Purposes of customs related Works, are hereby directed to Process and maintain the BGs in folowing Manner: (i) Authority/section which accepts BG, should ensure “Auto renewal clause” 01.07.2013. in the BG aS per RBI Master Circular No- RBI/2013-14/66 dated {ii} €xecutorAuthority/ /importer section inWhichthe BG.accepts BG, Should ensure IEC code of the (111) BG accepted for any purpose by any authority/section, Should be first entered in the EDI System by the concern authority / section and must be Sent to Centralized BG Cell for custody and wil] remain in custody till release or encashment of the same. (iv} Centralized BG Cell will return bank Suarantee to respective Section /authority On written demand, Stating reason for return, made by the respective Section /authority, (v) executor/importerCentralized BG Cell/CHA.will not release/encash any BG directly to BG Pagelof2

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(vi) Authority / Section, accepting BG, will Maintain a record of receipt/dispatch /disposal of the BG and will take receipt number from BG Cell on handing over the BG to the BG Cell,

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(vi) Authority / Section, accepting BG, will Maintain a record of receipt/dispatch /disposal of the BG and will take receipt number from BG Cell on handing over the BG to the BG Cell,

(3) In case, requirement of BG is decided by FAG of the Commissionerate, in such cases, the officer, giving out of charge, will ensure that BG of the amount as decided by the FAG with other requirements as discussed above, including auto renewal é clause, is verified Properly and same is received by the Centralized BG Cell, before giving out of charge. Guarantees(4) It is also directed that all the Groups/Sections should enlist cases of Bank ; presently under their custody at earliest and ensure that all the Bank . Guarantees are forwarded to the Centralized Bank Guarantee Cell by 31.12.2021 under proper handing over note and record in the section. (5) All the importers/Exporters /Custom Brokers are requested to follow the Procedure as prescribed above scrupulously. (6) In case of any difficulty, it should be brought to the notice of the Additional /Joint Commissioner, in charge of the Section. TeV: erp (T. V. Ravi) olltxy 2) Commissioner of Customs, Customs House, Mundra. ;

Copy to: 1. The Chief Commissioner of Customs, Gujarat Zone, Ahmedabad &-The Deputy Commissioner(ED]), for uploading on website. 3. All the stakeholders /Concerned Officers. 4. Notice Board.

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ujarat Zone, Ahmedabad &-The Deputy Commissioner(ED]), for uploading on website. 3. All the stakeholders /Concerned Officers. 4. Notice Board.

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