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TMI BlogMeasure to facilitate trade during the lockdown period - section 143AA Of the Customs Act. 1962X X X X Extracts X X X X X X X X Extracts X X X X ..... F. No. S.Misc.42/20200Appg.(M)-VII Dated: 03.04.2020 PUBLIC NOTICE No. 09/2020 Sub: Measure to facilitate trade during the lockdown period - section 143AA Of the Customs Act. 1962 - Reg. Attention of the importers. exporters, Customs Brokers and all other stakeholders is invited to the CBIC Circular No. 17/2020-Customs dated 03.04.2020 on the above subject. 2. With a view t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ued in terms of section 25 of the Customs Act, 1962, subject to compliance of conditions as listed below in this Circular. 3.1 While the above-referred lockdown is presently in force till 14.04.2020. considering that the importer/ exporter may find it dilficult to comply with requirement of furnishing bond for some more time thereafter till the situation normalizes, the said relaxation shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th 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 the IEC holder concerned on their business letter head and submitted by the registered email ID ofthe IEC holder or their authorised Customs Broker. iii. The undertaking should include a commitment from t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e buyer is either manufacturer/actual user importer or AEO or Status holder. 4. Such relaxation from submitting a bond may also bc considered on case to case basis for any other importer and exporter who requests for the same, with such additional safeguards over and above those listed in this Circular, as deemed fit by the jurisdictional Commissioner to safeguard revenue and ensure compliance ..... X X X X Extracts X X X X X X X X Extracts X X X X
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