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

Measure to facilitate trade during the lockdown period – section 143AA of the Customs Act, 1962 https://www.taxtmi.com/circulars?id=64587 Temporary relaxation under section 143AA permits Customs to accept an undertaking in lieu of prescribed bonds to expedite clearance during the lockdown. The relief covers Government/PSUs, Manufacturer/Actual User importers, Authorised Economic Operators, Status holders and warehouse users; undertakings must mirror bond content, be signed on business letterhead, submitted from the registered IEC email, and include a commitment to furnish the proper notarised bond by the stipulated replacement date. Security requirements and revenue safeguards remain enforceable, and Customs must record all relaxations. en-us Fri, 03 Apr 2020 00:00:00 +0530 Mon, 14 Dec 2020 17:59:00 +0530 TaxTMI RSS Generator Measure to facilitate trade during the lockdown period – section 143AA of the Customs Act, 1962 https://www.taxtmi.com/circulars?id=64587 Temporary relaxation under section 143AA permits Customs to accept an undertaking in lieu of prescribed bonds to expedite clearance during the lockdown. The relief covers Government/PSUs, Manufacturer/Actual User importers, Authorised Economic Operators, Status holders and warehouse users; undertakings must mirror bond content, be signed on business letterhead, submitted from the registered IEC email, and include a commitment to furnish the proper notarised bond by the stipulated replacement date. Security requirements and revenue safeguards remain enforceable, and Customs must record all relaxations. Circulars Customs Fri, 03 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64587