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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>India Introduces Centralized Bond System to Simplify IPR Enforcement for Imported Goods, Reducing Administrative Burdens at Ports.</h1> The circular outlines the implementation of a centralized bond management system for enforcing Intellectual Property Rights (IPR) on imported goods in India. Previously, right holders had to provide consignment-specific bonds at each port of interdiction. The new system allows for a single, centralized bond valid at all ports, reducing administrative burdens. Right holders can choose between a general bond or a centralized bond, with the latter requiring a security deposit. The system generates a unique Bond Registration Number for tracking and management. The circular modifies previous guidelines and aims to streamline IPR enforcement across customs locations.
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