https://www.taxtmi.com/circulars?id=63866 Temporary relaxation permits submission of an undertaking in lieu of prescribed bonds under sections 18, 59, 143 and related notifications to expedite customs clearance. Eligible categories include Government/PSUs, Manufacturer/Actual User importers, Authorised Economic Operators, Status holders, and warehousing users. Undertakings must replicate bond content, be signed on business letterhead and submitted from the registered IEC email, and must commit to furnishing the formal bond by the stipulated deadline. Undertakings do not substitute mandated securities; required security must be furnished as directed. Warehousing-related movements or ownership changes are restricted to manufacturer/actual user importers, AEOs, or Status holders. Customs must record relaxations and may grant case-by-case extensions with additional safeguards. en-us Wed, 15 Apr 2020 00:00:00 +0530 Thu, 30 Apr 2020 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63866 Temporary relaxation permits submission of an undertaking in lieu of prescribed bonds under sections 18, 59, 143 and related notifications to expedite customs clearance. Eligible categories include Government/PSUs, Manufacturer/Actual User importers, Authorised Economic Operators, Status holders, and warehousing users. Undertakings must replicate bond content, be signed on business letterhead and submitted from the registered IEC email, and must commit to furnishing the formal bond by the stipulated deadline. Undertakings do not substitute mandated securities; required security must be furnished as directed. Warehousing-related movements or ownership changes are restricted to manufacturer/actual user importers, AEOs, or Status holders. Customs must record relaxations and may grant case-by-case extensions with additional safeguards. Circulars Customs Wed, 15 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63866