TaxTMI 
TaxTMI 
Measures to facilitate trade during the lockdown period - section 143AA of the Customs Act, 1962
X X X X Extracts X X X X
X X X X Extracts X X X X
....NO. 14/2020 Sub: Measures to facilitate trade during the lockdown period - section 143AA of the Customs Act, 1962- reg. Attention of all the Importers, Custom Brokers, Shipping Lines/Agents, Logistics Service Providers and all other Stakeholders is invited to Board Circular No. 17/2020- Customs dated 03.04.2020 regarding "Measure to facilitate trade during the lockdown period - section 143AA....
X X X X Extracts X X X X
X X X X Extracts X X X X
....4. In this regard, it is decided that there is no requirement to submit bonds prescribed under section 18, section 59 and section 143, and under notifications issued in terms of section 25 of the Customs Act, 1962, subject to compliance of conditions as listed below in this Circular. 4.1 While the above-referred lockdown is presently in force till 14.04.2020, considering that the importer....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... (iv) Status holder (v) All importers availing warehouse facility in terms of section 59 of the Customs Act, 1962 4.3 Each such relaxation, where requested, should comply with the following conditions: i. The content of the undertaking should, to the extent possible, be same as the content of the prescribed bond. ii. The undertaking should be duly signed by....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he Customs Act, 1962, shall be allowed only to manufacturer/actual user importer or AEO or Status holders. For requests related to change of ownership after warehousing, the facility shall be considered only in cases where the prospective buyer is either manufacturer/actual user importer or AEO or Status holder. 5. Such relaxation from submitting a bond may also be considered on case to case ba....