Government adopts e-bonds for import-export, replacing paper stamp bonds to speed trade, boost revenue and transparency

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....A state government has replaced paper stamp bonds with an electronic "e-bond" system for import-export transactions, making it the 16th state to adopt e-bonds. The measure aims to streamline procedures, accelerate trade operations, and reduce reliance on Rs 500 stamp papers, with officials saying it will simplify issuance of thousands of monthly bonds, improve environmental outcomes, enhance transparency, prevent revenue leakage, and increase state revenues while boosting the state's ease-of-doing-business ranking.....