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Review of Circular No. 17/2020 dated 03.04.2020 Measures to Facilitate Trade during the Lockdown Period

ISEPC Cir No 78/Measures/2020-21                                                                                                                                     23rd April, 2020

 

To,

All Members of the Council;

 

Subject: Review of Circular No. 17/2020 dated 03.04.2020 - 'Measures to Facilitate Trade during the Lockdown Period- Section 143 AA of the Customs Act, 1962: Reg:

 

Dear Member,

We would like to inform you that CBIC has issued Circular No. 21/2020-Customs dated 21st April, 2020 on the above subject.

Your kind attention is invited to Board’s Circular No.17/2020 dated 3rd April, 2020 on 'Measures to facilitate trade during the lockdown period- section 143 AA    of the Customs Act, 1962'. This circular was issued in the context of lockdown announced by the Government for the period from25th March, 2020 to 14th April, 2020 due to COVID- 19 pandemic.

Taking into consideration that it might take sometime after the end of the lockdown for the situation to normalize, Board has extended the facility of accepting undertaking in lieu of Bond for the period till 15th May, 2020.

Consequently, the date of submission of proper bond in lieu of which the undertaking is being temporarily accepted is extended till 30th May, 2020. This relaxation will be reviewed by the Board at the end of the lockdown period.

For more details, members may kindly refer to the Circular No. 21/2020-Customs dated 21st April, 2020.

Members may kindly take a note of the above.

With best regards,

 

Sanjeev Kr Sharma

Sr Director – ISEPC

New Delhi, India

Mobile #: +9899573797

Email Id: isepcho@gmail.com;