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Circular No. 04/2025-Customs
F. No. 450/119/2021-Cus IV
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Indirect Taxes & Customs)
*****
Room No.229A, North Block,
New Delhi, dated 17th February, 2025
To,
All Principal Chief Commissioners/ Chief Commissioners of Customs/
Customs (Preventive) / Customs and Central Tax
All Principal Commissioners/ Commissioners of Customs/ Customs
(Preventive),
All Principal Director Generals/ Director Generals under CBIC.
Subject: Single Unified Multi-Purpose Electronic Bond in Customs-Ekal
Anubandh - reg.
Madam/Sir,
CBIC's ongoing initiatives to simplify trade processes, improve transparency,
and adopt best practices have resulted in steady improvements across various trade
facilitation metrics. Leveraging Information technology, many processes have become
paperless and contactless, thus providing ease and less time consuming for the trade.
2.
In the same direction, to enhance efficiency and reduce the administrative 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
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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 current practice is adding cost and time for the trade and customs and adds
to the administrative burden of maintaining physical records. The status and retrieval
also pose difficulties.
Single All-India Multipurpose electronic Bond (SEB):
4.1
To overcome above issues and to provide end-to-end digital solution, in lieu of
submission of separate bonds, importer or exporter will have an option to submit a
Single All-India Multipurpose electronic Bond (SEB) with following features:
(a) Importer/Exporter can choose the obligations, he intends to undertake in the
common bond format and submit at any port of importer’s choice
electronically at ICEGATE.
(b) Option to include additional obligations or additional amount at the later stage
is available at ICEGATE
(c) Electronic Payment of stamp duty and electronic execution of Bond through
integration with National E-Governance Services Limited (NeSL) by affixing
electronic signature without any requirement for notary.
(d) Online linking End-to-End issued Electronic Bank Guarantee
(e) Verification of Bank Guarantee (BG) issued by issuing Bank
4.2
On the lines of the initiative of ‘Digital Document Execution or DDE` for
paperless execution and storage of financial contracts, through M/s N National E-
Governance Services Limited (NeSL) by Department of Financial Services (DFS),
digital execution of customs bonds is being enabled. The process of execution of bond
electronically including the digital payment of stamp duty is elaborated in Annexure-
A. The Importer/exporter executing the bond may ensure that applicable stamp duty is
paid.
4.3
In this regard, as clarified earlier vide Circular 11A/2011-Customs dated
25.02.2011 in respect of National Bond for EP Schemes, opinion of Law Ministry
regarding the legal implications of a single bond across different customs locations is
re-iterated as follows “since the Bond is executed in favour of President of India, the
same is enforceable by any authorized Commissioner (Customs)”. Further, it also
clarified that, in view of capability to identify the executants and time-stamping of the
electronic signatures, there is no further requirement of notaries during SEB execution
process.
4.4
Format of the SEB is provided in Annexure-C.
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Submission of Bank Guarantee:
5.
Along with the execution of Bond, procedure for submission 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, importers/exporters/customs brokers may
execute a single unified multi-purpose electronic bond and electronic bank guarantee.
7.
For further details of the e-Bond and e-Bank Guarantee module, detailed
Advisories issued by ICEGATE website may be referred to.
8.
The Single All-India Multipurpose electronic Bond (SEB) under “Ekal
Anubandh” project shall be implemented through detailed advisories being issued by
DG Systems in a phased manner. User feedback will be suitably incorporated during
implementation.
9.
The Chief Commissioners of the Zones may sensitize the officers under their
jurisdiction of the above changes to handhold the trade. Necessary Public Notice may
be issued and outreach activities conducted with the relevant stakeholders.
Difficulties, if any may be brought to the notice of the Board.
Hindi version follows.
Yours sincerely,
Sanjeet Kumar
Under Secretary (Customs IV),
Customs Policy Wing
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Annexure-A
Digital Stamping and Execution of Single All-India Multipurpose Electronic
Bond (SEB)
1.
National e-Governance Service Limited (NeSL) recognised as information
Utility (IU) under The Insolvency and Bankruptcy Code (IBC), 2016, is mandated to
serve as a repository of legal evidence for financial credit contracts. Department of
Financial Services (DFS), Government of India vide Circular F. No. 6/2/2019-BO.II
dated 11.08.2020 has already initiated ‘Digital Document Execution or DDE`, which
is a mode for paperless execution and storage of financial contracts, through M/s
NeSL.
2.
Under the Indian Stamp Act, 1899, the Customs bond, being an instrument
(Article 26 under Schedule 1 to the said Act), stamp duty is required to be paid.
3.
Digital Stamping of documents and online payment of stamp duty are enabled
based on the concurrence from the States, through Stock Holding Corporation of India
Limited (SHCIL) or Government Receipt Accounting System (GRAS) platforms. The
list of States and UTs enabled at NeSL for e-BG and e-Customs Bond is enclosed as
Annexure G. The user can pay the applicable stamp duty via online mode through
NeSL. It is to also mention that whenever another state/UT is enabled at NeSL for e-
BG and e-Bond, the same will be intimated through ICEGATE.
4.
The person intending to execute the bond may provide appropriate authority
document that he is enabled to execute the same on behalf 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
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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 will be sought by
the Customs Officer electronically. Once scrutiny is complete, unique Bond
Number is generated and affixed to the draft SEB and shared with NeSL via
API for e-stamping and e-signing.
(e) Once stamp duty payment and electronic signature is affixed through NeSL
portal, same will be forwarded to the concerned Assistant/ Deputy
Commissioner for e-Signature. The finalized e-Bond is stored in NeSL
repository and also in e-Sanchit and is also available for use in Customs
Automated System.
(f) Option is also available to add additional obligations or the amount of bond at
the later stage. The supplementary bond format for addition of events or for
addition of amounts are enclosed as Annexure D and Annexure E
respectively to this Circular. The linkage of Bond with Bank Guarantee will
be visible at the ICEGATE portal.
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Annexure-B
Linking of e-Bank Guarantee
1. In case, Bank Guarantee is to be provided as security to the bond, same may be
linked in the ICEGATE Portal against the Bond.
2. For linkage of e-Bank Guarantee (e-BG), steps involved is provided in brief as
follows:
(a) Importer may approach any of the Banks listed in Annexure-H for issuance
of e-BG in the format specified in Annexure-I
(b) The bank generates the e-BG and transmits its details to NeSL.
(c) The importer/ exporter can link e-BG relevant Bond Number at ICEGATE by
entering the unique number issued by the bank.
(d) Upon submission, the e-BG details are fetched from NeSL and validated
against the applicant’s details in ICEGATE.
(e) The importer/ exporter reviews and confirms the fetched details, including the
e-BG pdf document, and will submit the linkage request.
(f) Once the linkage is approved, the linkage of e-BG with the e-Bond, all
relevant details are reflected in the importer/ exporter’s dashboard.
3. For linkage of paper-based Bank Guarantee, the importer may use the same
format as specified in Annexure-I and also mention the IFSC code of Beneficiary
Bank (i.e SBI or ICICI) for verification by the Customs. The Bank is required to
transmit the BG details to the Beneficiary Bank through SFMS. Till such verification
mechanism is operational, the current process may be continued.
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Annexure C –Format for Single All-India Multipurpose electronic Bond for
Importers/Exporters 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.
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)
and
Mrs/Mrs/Miss/M/s…………………………having
located
at
………………………..and holding PAN No……….....hereinafter called the “the surety(ies)”
(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
Request made on ……….. day of 20….. and signed with electronic signature on the day and
year, indicated therein.
WHEREAS the above bounden obligor has been permitted from time to time to import or
export goods; and WHEREAS the obligor desires from time to time to import or export goods,
a. in accordance with sub-section (1) of section 18 of the Customs Act, 1962; or
b. in accordance with conditions as specified in terms of the notification(s) issued under
section 25 of the Government of India in the Ministry of Finance, Department of Revenue; or
c. in accordance with provisions under section 59 or section 65 of Customs Act, 1962 or
d. in accordance with sub-section (1) of section 143 of the Customs Act, 1962;
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;
f. In the event of permission for manufacture and other operations in private warehouse in
accordance with section 65 of the Customs Act, 1962;
g. In the event of permission for manufacture and other operations in special warehouse in
accordance with section 65 of the Customs Act, 1962
The condition of this bond is that the obligor and his representative observe all the provisions
of the Customs Act, 1962 in respect of import or export of goods, and rules and regulations
made thereunder;
For Bond with
Surety
For Bond
without
Surety, with
or without
Bank
Guarantee
Obligor to
choose one or
many of the
provisions in i
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NOW THE CONDITION of this written bond is such that —
I. The Obligor undertakes to fulfill obligations as applicable in the following events from time
to time :
(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 thereunder in respect of such goods.
AND if the obligor produces the required documents or furnishes the information called for
and pays 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, this obligation to that extent shall be void.
(B) In the event of import under export promotion schemes:
If the bounden obligor has been permitted to import from time to time the goods without
payment of duty/at concessional duty against the notification(s) or authorizations including
replenishment authorizations issued from time to time, in terms of the notification[s) of the
Government of India in the Ministry of Finance, Department of Revenue relating to the
Advance Authorization scheme/ Duty Free Import Authorization DFIA) scheme/ Export
Promotion Capital Goods [EPCG) scheme/ Gem & Jewellery Scheme under Chapter 4 of the
Foreign Trade Policy, 2023, as amended, [hereinafter referred to as the said notification (s)
and against the authorizations issued under the said schemes [hereinafter referred to as the
authorizations] for the import of the goods mentioned therein on the terms and conditions
specified in the said notifications and the authorizations;
AND the proper officer of Customs has allowed the clearance of the goods, the obligor shall
fulfill the following obligations:
a. undertake to fulfil the export obligation as specified in the said notifications and the said
authorizations and to produce evidence of having so fulfilled the export obligation within the
time period as stipulated in the relevant notification from the expiry of the specified export
obligation period to the satisfaction of the Government;
b. observe all the terms and conditions of the said notification(s) in respect of imports from
time to time;
c. observe all the terms and conditions specified in the said authorizations;
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d. fulfil the export obligation as specified in the said notification(s) and the authorizations and
produce evidence of having so fulfilled the export obligation within the time period as
stipulated in the relevant notification and authorization within the stipulated time, if any, from
the expiry of the specified export obligation period to the satisfaction of the Government;
e. in the event of failure to fulfil 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 import
and export with no duty/at concessional duty in terms of the notifications of the Ministry of
Finance, Government of India, and the proper officer has allowed clearance of the goods, the
obligor shall fulfill the following obligations:
a. observe all the terms and conditions of the said notification(s) in respect of imports and
exports from time to time; and
b. in the event of failure to fulfil full or part of the conditions as specified in the said
notification(s), undertake to pay the customs duty but for the exemption and also interest at
the applicable rates per annum thereon forthwith and without any demur, to the Government.
AND if the obligor has duly imported or exported goods subject to the above provisions and if
the obligor has satisfied the above conditions, in respect of the said goods imported or
exported from time to time, this obligation to that extent shall be void.
(D) In the event of import or export in accordance with provisions of section 143 of the
Customs Act,1962:
If the obligor has been permitted by the proper officer in accordance with the provisions of the
Customs Act, 1962 or any other Act in force, to grant leave for such import or export, pending
submission of further documents and/or furnishing information and/or completion of further
enquiries and/or chemical test and/or other test, the obligor shall fulfill the following
obligations:
a. observe all the terms and conditions of the said notification(s) in respect of imports within
one month or within such extended time period as the proper officer allows;
b. in the event of failure to fulfil full or part of the conditions as specified in the said
notification(s), undertake to pay the customs duty but for the exemption and also interest at
the applicable rates per annum thereon forthwith and without any demur, to the Government;
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c. comply with the conditions and limitations stipulated in the said Foreign Trade Policy and
other Acts, as amended from time to time;
d. not sell or transfer the said goods without the consent of the Commissioner of Customs or
any officer on his behalf in writing; e. return the said goods in whole or in part as the
Commissioner of Customs or any officer on his behalf may direct within ten days of receipt of
a notice to return the goods;
f. reship or surrender the said goods within two months of the receipt of any order 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 section 61 of the said Act; and
c. pay all penalties and fines incurred for contravention of the provisions of the said Act or the
rules or regulations made thereunder, in respect of such goods;
d. 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;
AND, notwithstanding the transfer of the goods to another warehouse, if the obligor has duly
re-exported the warehoused goods or cleared the warehoused goods for home consumption,
subject to the above provisions and has satisfied the above conditions, this obligation to that
extent shall be void.
(F) In the event of permission for manufacture and other operations in private
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 58 of the Customs Act 1962 and permission to
carry manufacture and other operations in private 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:
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a. comply with all 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;
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.
(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 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;
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, 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.
II. If the obligor(s) has/have duly complied with all of the above obligations, the above written
bond shall be void and shall have no effect; otherwise the bond shall have full force and shall
be in effect as per conditions of this bond.
III. The obligor (s) also undertakes to deposit the security equivalent to as is mentioned in
Annexure or as determined by the proper officer as and when required in the event of any of
Applicable
only in case
of Security
Page 12 of 26
the conditions stipulated in I above. In case of Bank guarantee, the same shall be drawn in
favour of the President of India and shall have the details of the Bond Number, Beneficiary
Bank
IV. In case the obligations are not fulfilled, the obligor(s)…………..agree to renew the
security/bank guarantee before 15 days of expiry of the security/bank guarantee, failing
which, the bank guarantee shall be encashed by the department.
AND IT IS HEREBY AGREED AND DECLARED by the obligor as follows: -
A) This bond is given under the orders of the Central Government for the performance of an
act which is in public interest.
B) The President through Commissioner or Customs or any other officer of Customs shall
recover the said sums due from the obligor(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 imposing singular only shall also include the plural and vice versa
where the context so requires;
Date:
(Signature of the Obligor)
[Signature of Surety]
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.
Applicable
only in case
of Surety
Applicable only in
case of Surety
Page 13 of 26
Annexure
(as specified in Para III of Single All-India Multipurpose electronic bond stipulated
through Board Circular No………)
Event
Purpose Code
Quantum of Security to be deposited
Per cent of Bond
Value
Bond value based
on
(1)
(2)
(3)
(4)
Page 14 of 26
Annexure D: SUPPLEMENTARY BOND FOR ADDITION OF NEW
EVENTS
KNOW ALL MEN BY THESE PRESENTS THAT …………………… has
been pleased to accept on the behalf of the President of India, the multipurpose Bond
executed by us vide request dated ……… and assigned the Multipurpose Bond
Number …………..
AND
WHEREAS
I/We, the importer/exporter, [hereinafter called the obligor(s)], has/have undertaken
to fulfil obligations as applicable in the certain events from time to time
NOW,
The Obligor(s), additionally undertakes to fulfil obligations as applicable,
(F) In the event of permission for manufacture and other operations in private
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 58 of the Customs Act 1962
and permission to carry manufacture and other operations in private 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
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;
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.
(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
For
Example
the
importer/exporter
is
additionally applying
for Condition (F) and
Condition (G).
Page 15 of 26
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
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;
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, 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.
NOW IT IS HEREBY AGREED AND DECLARED that –
I.
The other conditions bound by the obligor(s) including relating to security
shall mutatis mutandis apply to condition(s), under this supplementary
bond or otherwise according to law.
Request made on ……….. day of 20….. and signed with electronic signature on the day and
year, indicated therein.
(Signature of the Obligor)
Name of Obligor…………………………..
Designation………………………………..
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.
Page 16 of 26
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 paid to the
President for which payment well and truly to be made, I / we bind myself / ourselves,
my / our successors / heirs, executors, administrators and legal representatives firmly
by these presents.
Request made on ……….. day of 20….. and signed with electronic signature on the
day and year, indicated therein.
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.
Page 17 of 26
Annexure F: List of Scenarios with Purpose Code
SCENARIO
CODE Purpose
BG
%age
Quantum of BG
Provisional
Assessment (Scenario
A)
P1
Carotar-PSU/Government (Central/State
and their Undertakings)
0
Differential Duty
P2
Carotar - All other categories including
AEO
100
Differential Duty
P3
SVB - All other importers in case of
initial period till non-compliance as per
cir 05/2016
5
Differential Duty
P4
SVB - AEO T1 in case of initial period
till non compliance as per cir 05/2016
2.5
Provisional
Assessable
Value
P5
SVB - AEO T2 in case of initial period
till non compliance as per cir 05/2016
1.25
Provisional
Assessable
Value
P6
SVB
a. AEO T3
b. PSU's, Government
0
Provisional
Assessable
Value
P7
Chemical Test –
a. AEO T3,
b. PSU/Government (Central/State and
their Undertakings)
0
Differential Duty
P8
Chemical Test - AEO T2
25
Differential Duty. In case
differential
duty
not
ascertainable
then
provisional amount
P9
Chemical Test - AEO T1
50
Differential Duty. In case
differential
duty
not
ascertainable
then
provisional amount
PA
Chemical Test - Others
100
Differential Duty. In case
differential
duty
not
ascertainable
then
provisional amount
PB
Carotar - Cases selected on random basis
for verification of origin
0
Differential Duty
PZ
Officer Determined
Equal to AV of Goods
Export
Promotion
Schemes (Scenario B)
E1
EPCG/AA/DFIA -
a. Export turnover more than 5 crores
(goods or services) in preceeding year
b. Public Sector Undertaking
c. Star Export House (Status Holder)
registered with GST authorities and
exporting in preyious 2 FY having min
export of 1 crore
d. registered with GST and paid GST of
1 cr or more in previous FY
0
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
15%
Duty foregone in case of
concessional rate and AV
of goods in other cases
Page 18 of 26
SCENARIO
CODE Purpose
BG
%age
Quantum of BG
have free FOREX earning of 50 lakhs or
more during previous FY
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
R2
Jobbing
0
RZ
Officer Determined
Import as per Section
143 (Scenario D)
D1
Section 143
0
duty+interest
accrued
thereon
during
preceeding period
DZ
Officer Determined
duty+interest
accrued
thereon
during
preceeding period
Public/Private/Special
Warehouse
under
Section 59 sub section
2 (Scenario E)
W1
a. Other than AEO Clients - sensitive
goods stored for a period beyond 2 years
b. non-sensitive goods stored for a
period beyond 3 years
100
duty+interest
accrued
thereon
during
preceeding period
W2
a. Non AEO Clients - Non sensitive
goods stored 2-3 years
b. AEO T1 Non Sensitive goods stored
more than 3 years
c. Non AEO Clients - Sensitive goods
stored for 1-2 years
d. AEO T1 clients sensitive goods stored
beyond 2 years
e. Gold, silver, other precious metals and
articles thereof warehoused by AEO T1
Clients beyond 1 year
50%
duty+interest
accrued
thereon
during
preceeding period
W3
a. non-sensitive goods stored for 1-2
year by importers other than AEO
b. non sensitive goods stored for 2-3
year by AEO T1
c. non sensitive goods stored beyond 3
years by AEO T2
d. sensitive goods stored for 1-2 years
25%
duty+interest
accrued
thereon
during
preceeding period
Page 19 of 26
SCENARIO
CODE Purpose
BG
%age
Quantum of BG
by AEO T1 clients
e. sensitive goods stored for more than 2
years by AEO T2 Clients
f. Gold, silver, other precious metals and
articles thereof warehoused by AEO T2
Clients beyond 1 year
W4
a. Non sensitive goods - AEO T1 for
period 1-2 years
b. Non Sensitive goods stored by AEO
T2 stored for 2-3 years
c. Sensitive Goods - AEO T2 for 1-2
years
12.50%
duty+interest
accrued
thereon
during
preceeding period
W5
Non Sensitive goods stored for 1-2 years
for AEO T2
6.25%
duty+interest
accrued
thereon
during
preceeding period
W6
a. AEO T3
b. non sensitive goods stored for initial
period of 1 year
c. goods warehoused for supply to
diplomats
d. warehoused and sold through duty
free shops, warehoused for supply as
ship stores/airlines
e. Gold, silver, other precious metals and
articles thereof warehoused by AEO T3
Clients
0%
duty+interest
accrued
thereon
during
preceeding period
W7
sensitive goods stored beyond 1 year in
private warehouse
100%
duty+interest
accrued
thereon
during
preceeding period
W8
a. Sensitive goods stored for 0-1 year, if
sensitive goods are proposed to be
removed from public bonded warehouse
to private bonded warehouse
b. Gold, silver, other precious metals 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
Page 20 of 26
SCENARIO
CODE Purpose
BG
%age
Quantum of BG
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
Page 21 of 26
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 Puducherry
Yes
Yes
8 Rajasthan
Yes
Yes
9 Tamil Nadu
Yes
Yes
10 Telangana
Yes
Yes
11 Tripura
Yes
Yes
12 Uttar Pradesh
Yes
Yes
13 West Bengal
Yes
Yes
14 Chhattisgarh
Yes
No
15 Bihar
No
No
16
Andaman &
Nicobar
No
Yes
17 Andhra Pradesh
No
Yes
18 Assam
No
Yes
19 J & K
No
Yes
20 Madhya Pradesh
No
Yes
21 Maharashtra
No
Yes
22 Manipur
No
Yes
23 Meghalaya
No
Yes
24 Punjab
No
Yes
25 Uttarakhand
No
Yes
26 Goa
No
No
27 Himachal Pradesh
No
No
28 Ladakh
No
No
Page 22 of 26
Annexure H: List of Banks Integrated with NeSL for e-Bank Guarantee linkage
SR.NO
BANK NAME
1.
Au Small Finance Bank Limited
2.
Axis Bank Limited
3.
Bank of Baroda
4.
Bank of India
5.
Bank of Maharashtra
6.
Canara Bank
7.
Central Bank of India
8.
City Union Bank Ltd
9.
DCB Bank
10.
Dhanlaxmi Bank Limited
11.
HDFC Bank Limited
12.
ICICI Bank Limited
13.
IDBI Bank Limited
14.
IDFC First Bank Limited
15.
Indian Bank
16.
Indian Overseas Bank
17.
IndusInd Bank Ltd
18.
Karnataka Bank Limited
19.
Kotak Mahindra Bank Ltd
20.
Punjab and Sind Bank
21.
Punjab National Bank
22.
RBL Bank Limited
23.
Standard Chartered Bank
24.
State Bank of India
25.
The Federal Bank Limited
26.
The Hongkong & Shanghai Banking Corporation Ltd.
27.
The Karur Vysya Bank Limited
28.
The South Indian Bank Ltd
29.
UCO Bank
30.
Union Bank of India
31.
Yes Bank Limited
Page 23 of 26
Annexure I: Model Form of Bank Guarantee Bond
GUARANTEE BOND
To,
The President of India,
Through the <designation of the customs officer>
<Office Address>
Dear Sir,
In consideration of the President of India (hereinafter called the Government) having
agreed to accept security in the form of Bank Guarantee for the value determined as
per condition III of the multipurpose Bond executed by M/s…………………………
having registered office located at………………………..and holding Import-Export
Code No………..... (hereinafter called the "obligor(s)") through request dated ………
and 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 said Agreement or by reason of the (obligor(s)) failure to
perform the said Agreement. Any such demand made on the bank shall be conclusive
as regards the amount due and payable by the Bank under this guarantee. However,
our liability under this guarantee shall be restricted to an amount not exceeding Rs.----
--------------
3. We undertake to pay to the Government any money so demanded notwithstanding
any dispute or disputes raised by the (obligor(s)) in any suit or proceeding pending
before any Court or Tribunal relating thereto our liability under this present being
absolute and unequivocal
Page 24 of 26
The payment so made by us under this bond shall be a valid discharge of our liability
for payment thereunder and the (obligor(s)) shall have no claim against us for making
such payment.
4 We-------------------------------------------------------------(indicate the name of bank)
further agree that the guarantee herein contained shall remain in full force and effect
during the period that would be taken for the performance of the said Agreement and
that it shall continue to be enforceable 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 terms and
conditions of the said Agreement have been fully and properly carried out by the said
(obligor(s)) and accordingly discharges this guarantee.
5.
We--------------------------------------------------------------------------------------------
(indicate the name of bank) further agree with the Government that the Government
shall have the fullest liberty without our consent and without affecting in any manner
our obligations hereunder to vary any of the terms and conditions of the said
Agreement or to extend time of performance by the said (obligor(s)) from time to time
or to postpone for any time or from time to time any of the powers exercisable by the
Government against the said (obligor(s)) and to forbear or enforce any of the terms
and conditions relating to the said agreement and we shall not be relieved from our
liability by reason of any such variation, or extension being granted to the said
(obligor(s)) or for any forbearance, act or omission on the part of the Government or
any indulgence 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 terms and
Page 25 of 26
conditions of the said Agreement have been fully and properly carried out by the said
(obligor(s)) and accordingly discharges this guarantee.
iii.) And that, if this guarantee is not renewed for any reason whatsoever on or before
the expiry of this guarantee, the entire amount guaranteed shall become forthwith due
and payable to the government and the bank of its own shall pay to the Government
without any demur.
9. The details of beneficiary bank for sending details of BG under SFMS Platform is
furnished below
Name of beneficiary and details
BG issuance Mode
Electronic / Paper
Name
<Designation of Customs Officer> on behalf of the
President of India
Office Address
Official Address of the Proper Officer of Customs
Bank A/c No: / Cust ID of
beneficiary
As per the details given by SBI or ICICI Bank acting as
the Beneficiary Bank
IFSC code
IFSC allotted for the purpose of SFMS in case of SBI
and ICICI Bank
Bank Manager Name & Ph no:
BG ADVISING MESSAGE –
Field Number
7035
7037
10. Dated the------------------------------- day of---------------------for------------------------
--------------------------------- (indicate the name of the Bank).
Page 26 of 26
Annexure
Advisory: For Applicant and its BG Issuing Bank Branch. Not the integral part of the
Paper BG as above.
It is to be noted that paper bank guarantee (PBG) will not be operational unless same is
transmitted to the advisory bank through SFMS platform. For ready reference and updation
of BG in Customs portal, it is necessary that BG issuing bank send the BG advice in the
form of message format 760COV via SFMS (structural financial messaging system) as
provided by RBI.
In the event of BG issuing bank not sending the message 760COV or committing any error
while capturing the details atleast in the below field, BG confirmation may not happen and
subsequent processing may get stopped.
BG advising message - 760COV via SFMS
Field No
Particulars
7039
7025
7029
7033
7034
7035 (Non Mandatory)
7036 (Non Mandatory)
Please note that your bank while issuing the BG ensure that above information is correctly
captured as mentioned above in BG advising message i.e. 760COV
In case of any error by the applicant or BG issuing banker, neither Customs or its service
partners would be responsible for any consequences whatsoever it may be.
Note:
1) If issuing bank does not adhere to advisory Customs will not be responsible.
2) PBG shall be issued within 72 hours by the SFMS otherwise system will not recognize
the receipt for placing the order by buyer.
3) Bank shall mandatorily use SFMS 760COV message protocol for inland BG.
Note: In case of Electronic Bank Guarantee, same is to be verified through eBG
