Relaxation of bond requirement: temporary acceptance of undertakings to expedite customs clearance for eligible importers during lockdown. Customs formations may temporarily accept undertakings in lieu of prescribed bonds to expedite clearance during the COVID-19 lockdown for specified classes of importers (government/PSUs, manufacturer/actual user, AEOs, status holders, and warehouse users) until 30 April 2020. Undertakings must mirror bond content, be signed by the IEC holder and submitted from the registered IEC email, and commit to furnishing the proper notarised bond by 7 May 2020. Undertakings do not replace mandated security; security must be provided as required. Restrictions apply to movement and change of ownership of warehoused goods, and Commissioners may allow case-by-case relaxations with safeguards.
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Provisions expressly mentioned in the judgment/order text.
Relaxation of bond requirement: temporary acceptance of undertakings to expedite customs clearance for eligible importers during lockdown.
Customs formations may temporarily accept undertakings in lieu of prescribed bonds to expedite clearance during the COVID-19 lockdown for specified classes of importers (government/PSUs, manufacturer/actual user, AEOs, status holders, and warehouse users) until 30 April 2020. Undertakings must mirror bond content, be signed by the IEC holder and submitted from the registered IEC email, and commit to furnishing the proper notarised bond by 7 May 2020. Undertakings do not replace mandated security; security must be provided as required. Restrictions apply to movement and change of ownership of warehoused goods, and Commissioners may allow case-by-case relaxations with safeguards.
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