Restoring the facility under Circular No. 17/2020 dated 03.04.2020 namely, 'Measure to facilitate trade during the lockdown period- section 143AA of the Customs Act, 1962'

Last updated: 10 May 2021

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The Central Board of Indirect Taxes & Customs has reinstated a facility allowing trade to submit an undertaking instead of a bond for certain customs clearances. This measure, originally introduced in Circular No. 17/2020, is being restored due to ongoing COVID-19 related disruptions and will be in effect until 30th June 2021. Importers and exporters must replace the undertaking with a formal bond by 15th July 2021.

Circular No. 09/2021-Customs F. No.473/02/2020-LC Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes Customs) ***** Room No.227-A, North Block New Delhi, 08th May, 2021 To, All Principal Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive), All Principal Chief Commissioners/Chief Commissioners of Customs Central tax, All Principal Commissioners/Commissioners of Customs/Customs (Preventive), All Principal Commis

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FAQ :

The facility to accept an undertaking in lieu of a bond for certain customs clearance processes has been restored.

The facility is available from the date of the circular (08th May 2021) until 30th June 2021.

Importers/Exporters must ensure that the undertaking furnished in lieu of a bond is replaced with a proper bond by 15th July 2021.

The facility is being restored based on representations from the trade citing difficulties faced during the ongoing lockdown and COVID-19 pandemic, as was done under Circular No. 17/2020.

No, the terms and conditions remain the same as outlined in Circular No. 17/2020-Cus., dated 03.04.2020, as amended by Circular No. 21/2020-Cus., dated 21.04.2020.

Notification No : 09/2021-Customs
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2021/Circular-No-09-2021.pdf

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