Measure to facilitate trade during the lockdown period – section 143 AA of the Customs Act, 1962

Measure to facilitate trade during the lockdown period – section 143 AA of the Customs Act, 1962 https://www.taxtmi.com/circulars?id=63854 Temporary facilitation permits submission of undertakings instead of prescribed bonds under section 143AA of the Customs Act, 1962 to expedite customs clearance during the lockdown. Relief is available for specified categories (Government/PSUs, Manufacturer/Actual User, AEOs, Status holders, warehouse users) subject to conditions: the undertaking must mirror the bond, be signed by the IEC holder and sent from the registered IEC email or authorised broker, and must be replaced by a proper notarised bond by the stipulated deadline; security obligations and revenue safeguards remain applicable. en-us Fri, 03 Apr 2020 00:00:00 +0530 Thu, 30 Apr 2020 12:15:00 +0530 TaxTMI RSS Generator Measure to facilitate trade during the lockdown period – section 143 AA of the Customs Act, 1962 https://www.taxtmi.com/circulars?id=63854 Temporary facilitation permits submission of undertakings instead of prescribed bonds under section 143AA of the Customs Act, 1962 to expedite customs clearance during the lockdown. Relief is available for specified categories (Government/PSUs, Manufacturer/Actual User, AEOs, Status holders, warehouse users) subject to conditions: the undertaking must mirror the bond, be signed by the IEC holder and sent from the registered IEC email or authorised broker, and must be replaced by a proper notarised bond by the stipulated deadline; security obligations and revenue safeguards remain applicable. Circulars Customs Fri, 03 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63854