Bonded Operation

• 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, ceilling with one door
  • 24 hour security
  • Easy Accessability for heavy vehicles
• Requirement for TIEP-I/ TIEP -IV/ IG Schemes –
  • Reqeust 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
  • Dully 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

• Private Bonds – Warehouses owned by Private Companies to store goods without payment of duties and taxes under Customs purview
• Public Bonds – Warehouses woned by Sri Lanka Ports Authority to store goods without payment of duties and taxes under Custosm purview.
• 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 – 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 – Facilitates the import of goods for export purposes which does not qualify under TIEP – I, or TIEP -IV
• Entrepot – Facility to import manufactured or unmanufactured goods from one party of other country on 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 – 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.

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 combination of guarantees.

• Application fee
• Application Processing Charges
• Inspection Charges
• Verfication Charges

Direct payment to Customs Shroff branch

All Asycuda registration information will find at ICT Directorate > Registration > Importers

• 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

• 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

• Goods not permitted for bonding
  • Duty paid goods
  • Pershable goods
  • Damaged goods
  • Inflammable/ dangerous goods
  • Prohibited goods
  • Restricted goods without necessary license or permit
• Permitted period for bonded cargo
  • Two months for confectionary
  • Three months for cigarette and tin foods
  • Six months for wine, beer in bottles
  • Two years for all other goods
  • Under the regulation initial period will be six months and approval to be obtained for the extension of the period.

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

Deputy Director of Customs (Projects) Industries and Services Directorate