The Demand of Bond for container delivery order and or with security deposits on such per container wise is still in practice by most of shipping lines,
As per our earlier post Title “Bond Issues with shipping line” posted on posted on 10th December 2020, we has raised the issue about the how the Shipping companies demand bond on the 100 rs or 500 rs (some cases) bond paper in their specific format with insurance copy to issue the Delivery order for shipments.
However as part of Government’s initiatives for improving Ease of Doing Business, several facilitation measures are being taken by the Central Board of Excise & Customs vide their Circular No. 24 /2015- Customs date 14.10.2015 issued by Central Board of Excise and Customs.
Introduction of electronic messaging for issue of Delivery Order instead of a paper based Delivery Order was the most effective and very good initiative taken by CBIC for simplification in the Customs Clearance process, and can demonstrably reduce transaction costs and time taken in the clearance of Cargo.
Even since the said Circular was issued in 2015, most of Shipping Lines, Airlines and Consol Agents were still not adopted the system of electronic invoicing of all charges along with the facility to conclude the payment process using e-Payment facilities and e-delivery order facility up to pre-pandemic.
But thanks to the pandemic, they all are now started the E-Invoicing and E-Delivery orders to avoid the human contacts , but why do they have to wait to change and facilitate the trade with current technology options available?
The Demand of Bond for container delivery order and or with security deposits on such per container wise is still in practice by most of shipping lines, even when the insurance for container cost was already taken by consignee as safety and the delivery order process are followed by shipping companies only after verification of complete KYC of Custom Brokers as wells as consignees.
Now the question is to the Authorities and top managements that when some Shipping companies are Issuing Delivery order on simple Declaration on consignee later head then why this bond and security deposit practise are still followed by them. Its causes time and money both.
Our prime minister has authorised us for self certification of our documents which was earlier done by Government officers only, So why not the only Self declaration from consignee on their valid letter head with support of Container insurance for issuance of Delivery order can be made valid and compulsory for all of shipping companies and consol agents?
It will make one more step in the Process of Ease-of Doing-Business by CBIC.
