Measure to facilitate trade during the lockdown period - section 143AA of the Customs Act, 1962 — Acceptance of Undertaking in lieu of Bonds

Measure to facilitate trade during the lockdown period - section 143AA of the Customs Act, 1962 — Acceptance of Undertaking in lieu of Bonds https://www.taxtmi.com/circulars?id=63870 Acceptance of undertakings in lieu of prescribed bonds is temporarily authorised for specified importers and exporters to expedite customs clearance; undertakings must mirror prescribed bond content, be signed and submitted from the registered IEC email, include a commitment to furnish the formal notarised bond within the extended period, and do not substitute for security where mandated. Movement of warehoused goods and change of ownership after warehousing is limited to specified categories, and Customs will record relaxations and require replacement of undertakings by proper bonds. en-us Tue, 07 Apr 2020 00:00:00 +0530 Thu, 30 Apr 2020 15:36:00 +0530 TaxTMI RSS Generator Measure to facilitate trade during the lockdown period - section 143AA of the Customs Act, 1962 — Acceptance of Undertaking in lieu of Bonds https://www.taxtmi.com/circulars?id=63870 Acceptance of undertakings in lieu of prescribed bonds is temporarily authorised for specified importers and exporters to expedite customs clearance; undertakings must mirror prescribed bond content, be signed and submitted from the registered IEC email, include a commitment to furnish the formal notarised bond within the extended period, and do not substitute for security where mandated. Movement of warehoused goods and change of ownership after warehousing is limited to specified categories, and Customs will record relaxations and require replacement of undertakings by proper bonds. Circulars Customs Tue, 07 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63870