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of <h1>Indian Customs Temporarily Allows Undertakings Instead of Bonds for Trade Facilitation During COVID-19 Lockdown Until April 30, 2020.</h1> The circular issued by the Indian Customs Department outlines temporary measures to facilitate trade during the COVID-19 lockdown. It allows importers and exporters to submit undertakings instead of notarized bonds, as required under certain sections of the Customs Act, 1962, to expedite the clearance of goods. This relaxation is valid until April 30, 2020, and applies to specific categories, including government undertakings and authorized economic operators. Importers/exporters must replace undertakings with proper bonds by May 7, 2020. The circular provides conditions for these relaxations and allows for case-by-case considerations to ensure compliance and safeguard revenue.
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