Review of Circular No. 17/2020 dated 03.04.2020 namely, 'Measure to facilitate trade during the lockdown period- section 143AA of the Customs Act, 1962'
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Undertaking in lieu of bond under customs rules extended, permitting temporary acceptance with existing conditions until review. Acceptance of an undertaking in lieu of a bond for customs clearance is permitted temporarily under the existing conditions prescribed by the Board, allowing trade participants to submit an undertaking now and furnish the proper bond subsequently; this relaxation will be reviewed by the Board after the lockdown and trade stakeholders must report difficulties to the customs office.
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.
Undertaking in lieu of bond under customs rules extended, permitting temporary acceptance with existing conditions until review.
Acceptance of an undertaking in lieu of a bond for customs clearance is permitted temporarily under the existing conditions prescribed by the Board, allowing trade participants to submit an undertaking now and furnish the proper bond subsequently; this relaxation will be reviewed by the Board after the lockdown and trade stakeholders must report difficulties to the customs office.
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