Saturday, July 24, 2021

CBIC restores facility for trade, provides option to submit undertaking in lieu of bond upto 30th June

The Central Board of Indirect Taxes and Customs (CBIC) has restored the facility for trade by providing option to submit an undertaking in lieu of bond upto 30th June. This has been done to ensure that there are no delays or disruptions in EXIM trade due to COVID19 pandemic.

Importers and Exporters availing this facility shall ensure that the undertaking furnished in lieu of bond is duly replaced with a proper bond by the 15th of July. Representations from trade had been received by the board citing difficulties faced in different regions of India due to resurgence of COVID 19 pandemic.

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