Maharashtra introduces 'e-bond' system for import-export transactions in place of paper stamp bonds

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....aharashtra introduces 'e-bond' system for import-export transactions in place of paper stamp bonds<BR>Customs & Trade<BR>Dated:- 3-10-2025<BR>PTI<BR>Mumbai, Oct 3 (PTI) In a move aimed at simplifying ....

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....trade and boosting business efficiency, the Maharashtra government on Friday introduced a new 'e-bond' system for import and export transactions, replacing the traditional paper stamp bonds. With the....

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.... adoption of the e-bond system, Maharashtra has become the 16th state in the country to do so, Revenue Minister Chandrashekhar Bawankule said in a statement. The decision would simplify procedures an....

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....d accelerate trade operations, marking an important step in modernising the state's economy, he said. "Currently, 3,000 to 4,000 bonds are issued every month for import-export operations, amounting t....

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....o over 40,000 annually. The introduction of e-bonds will bring a major transformation. Though it may appear small, this is a turning point for Maharashtra's economy," he said. The e-bond system is ex....

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....pected to make obtaining trade bonds faster and simpler, eliminate the need for Rs 500 stamp papers, promote environmental conservation, and enhance transparency in financial transactions. It will als....

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....o help prevent revenue leakage and boost state revenues, according to the minister. The government feels that by leveraging digital technology with governance, Maharashtra's position in the 'ease of ....

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....doing business' index will grow higher, Bawankule said. PTI MR NP<BR> News - Press release - PIB....