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of <h1>Ekal Anubandh Project Launches: Simplifying Customs with a Single Electronic Bond System for Importers and Exporters</h1> The Central Board of Indirect Taxes & Customs (CBIC) introduces the 'Ekal Anubandh' project to streamline customs processes by implementing a Single Unified Multi-Purpose Electronic Bond (SEB) system. This initiative aims to replace multiple transaction-specific bonds with a single electronic bond, reducing administrative burdens and costs for importers and exporters. The SEB allows for electronic submission, payment, and execution of bonds and bank guarantees through the ICEGATE portal, integrating with National E-Governance Services Limited (NeSL) for digital stamping and signatures. This digital approach enhances efficiency, transparency, and environmental sustainability in trade operations.
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