SCHEMES

What are the available Bonded schemes?

Private Bond

Private Bonds

Warehouses owned by Private Companies to store goods without payment of duties and taxes under Customs purview.

Public Bond

Public Bonds

Warehouses owned by Sri Lanka Ports Authority to store goods without payment of duties and taxes under Customs purview.

TIEP I

TIEP I

Facilitates the import of goods for manufacturing, processing or assembling for export on conditional relief from payment of import Duties and Taxes.

TIEP IV

TIEP IV

Facilitates the import of Capital and Intermediate Goods used for the manufacture of products and services for export, on whole or partial exemption of Customs Duties and Levies.

IG

IG

Facilitates the import of goods for export purposes which does not qualify under TIEP – I, or TIEP – IV.

Entrepot

Entrepot

Facility to import manufactured or unmanufactured goods from one party of another country free of Customs duty and other levies for Re-export to a third party of any country as imported or after simple processing (re-packing, re-labeling etc) with a value addition.

INFAC

INFAC

Facility provided by the Ministry of Commerce for Non – BOI Apparel Industries to import raw materials and accessories under duty free basis and manufacture and export.

REQUIREMENTS

What requirements should I meet to have a Bonding facility?

🏭 Requirement for a Bonded Warehouse
  • Proposed Project Report
  • Duly filled application form
  • BRC & Memorandum of Articles (Form 48)
  • VAT Registration
  • Deed / Lease Agreement (minimum validity period should be two years)
  • Director's Profile
  • Company Profile
  • Audited Financial Statement for the last five years
  • CCTV Surveillance System
  • Building & Site Plan (by L-Authority)
  • Insurance Policy (for building & Goods)
  • Electrical Installation Certificate (by E/Engineer)
  • Line Ministry / Dept. Approval (if necessary)
  • Boundary Wall, Wire mesh, ceiling with one door
  • 24 hour security
  • Easy Accessibility for heavy vehicles
📋 Requirement for TIEP-I / TIEP-IV / IG Schemes
  • Request letter
  • Duly filled application forms in triplicate
  • Project Report
  • Ministry of Commerce approval for conversion ratios and wastage
  • Certificate of TIN/VAT Registration
  • EDB registration certificate
  • Performa Invoice (TIEP-IV / IG)
  • Business Registration
  • Memorandum of Article
  • NIC / Passport copies of Directors
  • Deed or Lease Agreement for warehouse
  • Other necessary approvals e.g. Tea Board, Coconut Development Authority etc.
🧵 Requirement for INFAC Scheme
  • Request Letter
  • Duly filled Application forms in triplicate
  • Power of attorney signed by a Lawyer
  • Corporate or Bank Guarantee
  • Ministry Approval (INFAC only)
  • TIEP approval (TIEP 1, 4 and IBG)
  • Project Report
  • TIN / VAT registration certificate
  • EDB registration certificate
  • NIC / Passport copies of Directors
GUARANTEE

What guarantee should I keep?

🏦 A Guarantee / sureties nominated by Director General of Customs in terms of section 69 of Customs Ordinance — either a Bank Guarantee / Corporate Guarantee / Personnel Guarantee or a combination of guarantees.
CHARGES

What are the Customs charges?

  • Application fee
  • Application Processing Charges
  • Inspection Charges
  • Verification Charges
PAYMENT

How do I pay?

💳 Direct payment to Customs Shroff branch.
ASYCUDA

How to obtain access to ASYCUDA World?

💻 All ASYCUDA registration information can be found at: ICT Directorate › Registration › Importers
DECLARATIONS

What declarations should I make to Customs?

Declaration Type Purpose
To Bond CusDec for Import Quantity
Ex Bond CusDec for release of goods after payment of duties and other levies for home use or other purpose
Re Bond CusDec for Goods to be transferred from one Bond to another Bond
OBLIGATIONS

What are my legal obligations as a Bondsman? (Sec 72–100)

  • Maintain the Bonded facility and warehouses — Section 69
  • Maintain the Bank Guarantee position — Section 70
  • Submission of CusDecs — Section 50A (Conditional Imports), Section 47 (Import CusDec to be submitted with other supporting documents), Section 57 (Exportation)
  • Submission of "To Bond" CusDec — Section 72
  • Proper documentation and other procedures to be followed by the bondsman to warehouse the goods — Section 74
  • Keeping the documents for at least 2 years
  • Maintaining the Import / Export Register
  • To provide facility to examine by the Customs Officials at the importation (if needed) and at the exportation — Section 59A
  • To provide facility to Customs to carry out any sudden examinations of the Warehouse — Section 76
RESTRICTIONS

Are there any restrictions / prohibitions?

Goods not permitted for bonding:

  • Duty paid goods
  • Perishable goods
  • Damaged goods
  • Inflammable / dangerous goods
  • Prohibited goods
  • Restricted goods without necessary license or permit

Permitted period for bonded cargo:

Goods Category Permitted Period
Confectionary Two months
Cigarette and tin foods Three months
Wine, beer in bottles Six months
All other goods Two years
ℹ️ Under the regulation, the initial period will be six months and approval is to be obtained for the extension of the period.
BREACH

What would happen if I breach the law?

  • Bonding facility will be terminated or prosecute under Customs Ordinance.
  • Goods not duly warehoused or fraudulently concealed or removed will be liable to forfeiture.
  • Liable to penalty.
  • Liable to imprisonment.
CONTACT

Whom should I contact in case of any doubt?

Point of Contact
Deputy Director of Customs (Projects)
Industries and Services Directorate