Provisional assessment procedure permits clearance on electronic COO copies with bond/undertaking and conditional security exemptions during pandemic. Provisional clearance is permitted where original Country of Origin Certificates cannot be produced due to COVID-19; importers may clear goods on photocopies/electronic COO under Section 18 subject to submission of a Bond or Undertaking in lieu and conditional security rules. Certain importer classes (AEO/status holders, eligible repeat beneficiaries, and specified manufacturers/institutional importers) are exempt from security while others must provide full security. The Undertaking must be replaced by a proper Bond by the stipulated date, with options of Bank Guarantee or revenue deposit and mandatory departmental recordkeeping of relaxations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Provisional assessment procedure permits clearance on electronic COO copies with bond/undertaking and conditional security exemptions during pandemic.
Provisional clearance is permitted where original Country of Origin Certificates cannot be produced due to COVID-19; importers may clear goods on photocopies/electronic COO under Section 18 subject to submission of a Bond or Undertaking in lieu and conditional security rules. Certain importer classes (AEO/status holders, eligible repeat beneficiaries, and specified manufacturers/institutional importers) are exempt from security while others must provide full security. The Undertaking must be replaced by a proper Bond by the stipulated date, with options of Bank Guarantee or revenue deposit and mandatory departmental recordkeeping of relaxations.
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