TaxTMI 
TaxTMI 
Measure to facilitate trade during the lockdown period – section 143AA of the Customs Act, 1962
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....re to facilitate trade during the lockdown period - section 143AA of the Customs Act, 1962 - reg. Attention of the Importers, Exporters, Shipping Lines, Shipping Agents, Customs Brokers, Trade and Public is invited to the CBIC Circular No.17/2020 dated 03.04.2020 on the above subject. The said Circular can be viewed at www.cbic.gov.in. However, the contents of the said circular are reproduced her....
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....h a view to expedite Customs clearance of goods and for maintaining balance between Customs control and facilitation of legitimate trade. 4. In this regard, Board has approved relaxation of the 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 l....
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....(Central/State/UT Govts. or Administrations and their undertakings) b. Manufacturer/Actual User importer c. Authorised Economic Operators d. Status holder e. 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 ext....
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....any subsequent movement of goods to another warehouse under section 67 of the 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 re....