O/o The Commissioner of Customs (NS-I), Mumbai Zone-II, JNCH have issued Public  Notice No.  68 /2020 dated 14/05/2020 regarding captioned topic.

 

 

 

We understand that Pending verification of signatures and seals on COO certificates, submitted by the importers importing goods from China, in terms of para 6 and 8 of the Board's Instruction No.31/2016-Customs dated 12.09.2016 (Para 7 and 9 of JNCH PN No 128/2016), it is decided that the goods shall be permitted to be released provisionally by following Circular No 38/2016- Cus dated 22.08.2016 (JNCH PN No- 119/2016 dated 06.09.2016) with regard to quantum of security to be obtained under Section 18 of the Customs Act,1962.

 

 

The above being cases related to verification of signatures and seals on COO certificates as described at Sr No 5 ( c) under the heading class of importer in the Table below para 3 of Circular No 38/2016- Cus dated 22.08.2016, considering the risk and the existence of different categories of importers it is decided to reduce the amount of Bank Guarantee or Cash deposit to be obtained as security (as percentage of the differential duty) to the level ( Zero to 25%)  as mentioned in the table in the PN.

 

http://www.jawaharcustoms.gov.in/pdf/PN-2020/PN-68-2020.pdf

 

For any other importer ie other than the category of importers specified above, the amount of security (as percentage of differential duty) shall remain at 100% (hundred per cent). The option of either executing Bank Guarantee or giving Revenue deposit for purpose of security will be of the importer.

 

 

For the purpose of provisional assessment, the importer shall submit Bond or Undertaking (in lieu of Bond) in case of eligible categories as mentioned in Board Circular No. 17/2020 dated 03.04.2020 (JNCH PN No 41/2020   dated 03.04.2020).

 

The facility to submit Undertaking in lieu of Bond will be available till 30.05.2020 in terms of Board's Circular No. 23/2020 dated 11.05.2020 (JNCH PN No 66/2020 dated 12.05.2020). The importer shall ensure that the Undertaking furnished in lieu of Bond is duly replaced with a proper Bond by 15.06.2020, as specified in Board's Circular No. 23/2020 dated 11.05.2020.

 

In case of any difficulty, the specific issue may be brought to the notice of DC/AC in charge of Appraising Main (Import), NS-I at email appraisingmain.jnch@gov.in .

 

 

Members are requested to take note of this trade facilitation measure and do the needful accordingly.

 

For full details of level of security etc, pl refer to the PN 68/ 2020 using below link-

 

http://www.jawaharcustoms.gov.in/pdf/PN-2020/PN-68-2020.pdf