Temporary bond relaxation under the Customs Act permits undertakings in lieu of bonds to expedite customs clearance during lockdown. Temporary relaxation under section 143AA permits Customs to accept an undertaking in lieu of prescribed bonds to expedite clearance during the lockdown. The relief covers Government/PSUs, Manufacturer/Actual User importers, Authorised Economic Operators, Status holders and warehouse users; undertakings must mirror bond content, be signed on business letterhead, submitted from the registered IEC email, and include a commitment to furnish the proper notarised bond by the stipulated replacement date. Security requirements and revenue safeguards remain enforceable, and Customs must record all 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.
Temporary bond relaxation under the Customs Act permits undertakings in lieu of bonds to expedite customs clearance during lockdown.
Temporary relaxation under section 143AA permits Customs to accept an undertaking in lieu of prescribed bonds to expedite clearance during the lockdown. The relief covers Government/PSUs, Manufacturer/Actual User importers, Authorised Economic Operators, Status holders and warehouse users; undertakings must mirror bond content, be signed on business letterhead, submitted from the registered IEC email, and include a commitment to furnish the proper notarised bond by the stipulated replacement date. Security requirements and revenue safeguards remain enforceable, and Customs must record all relaxations.
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