TaxTMI 
TaxTMI 
Measure to facilitate trade during the lockdown period - section 143AA of the customs Act, 1962
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.... PUBLIC NOTICE NO. 29/2020 Sub-:- Measure to facilitate trade during the lockdown period - section 143AA of the customs Act, 1962 - reg Attention of all importers, exporters, Customs Brokers, AAICLAS, Airport Terminal Operators, Shipping Lines/Shipping Agents, PGAs, members of the Trade and all persons concerned is invited to the GIC Circular NO. 17/2020-CUs dated 03.04.2020 on the above-m....
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....f furnishing bond for some more time thereafter till the situation normalizes, the said relaxation shall be available up to 15.05.2020. This relaxation shall however be subject to review by the Board at the end of the lockdown period i.e. 03.05.2020. 5. In the period up to 15.05.2020, Customs field formations may accept request for submission of an undertaking by the importer/exporter through e....
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....signed by the IEC holder concerned on their business letter head and submitted by the registered email ID of the IEC holder or their authorised Customs Broker. iii. The undertaking should include a commitment from the IEC holder to submit the proper bond in prescribed format on notarised stamp paper etc. on or before 20.05.2020. iv. The undertaking will not be treated as a substi....
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....asis for any other importer and exporter who requests for the same, with such additional safeguards over and above those listed in this Public Notice, as deemed fit by the jurisdictional Commissioner to safeguard revenue and ensure compliance of the statutory provisions. 8. Importers /Exporters availing this facility shall ensure that the undertaking furnished in lieu of bond is duly replaced w....