Acceptance of undertaking in lieu of bond extended to facilitate trade during COVID lockdown until end of May. Importers, exporters and customs brokers may continue to submit an undertaking in lieu of a bond for customs clearance, subject to the conditions in CBIC Circular No.17/2020 and related public notices. The Board, considering the extended lockdown and the time needed for normalisation, has further extended the temporary facility for acceptance of such undertakings as announced in CBIC Circular No.23/2020; provisional acceptance remains conditional on later submission of the proper bond.
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Acceptance of undertaking in lieu of bond extended to facilitate trade during COVID lockdown until end of May.
Importers, exporters and customs brokers may continue to submit an undertaking in lieu of a bond for customs clearance, subject to the conditions in CBIC Circular No.17/2020 and related public notices. The Board, considering the extended lockdown and the time needed for normalisation, has further extended the temporary facility for acceptance of such undertakings as announced in CBIC Circular No.23/2020; provisional acceptance remains conditional on later submission of the proper bond.
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