To : Members of the Council
Sub: Review of CBIC Circular No. 17/2020 dated 03.04.2020 regarding 'Measures to facilitate trade during the lockdown period- section 143 AA of the Customs Act, 1962'
CBIC has issued Circular No.23/2020- Customs dated 11th May, 2020 on the above subject.
In this regard the Board has invited to CBIC Circular No.17/2020 dated 3rd April, 2020 on ‘Measure to facilitate trade during the lock down period- section 143 AA or the Customs Act, 1962′ wherein relaxation was given in the context of lock down announced by the Government due to COVID-19 pandemic, to accept an undertaking in lieu of a bond required during customs clearance, subject to conditions as underlined in the circular. The facility was extended till 15th May, 2020 vide Circular 21/2020 dated 21st April, 2020.
In reference to MHA Order 40-3/2020-DM-I(A) dated 01-05-2020, wherein the lockdown was further extended for two weeks w.e.f. 4th May, 2020, and taking into consideration that it might take some time after the end of the lockdown for the situation to normalize, the Board has now decided to further extend the facility of accepting undertaking in lieu of bond for the period till 30th May, 2020. Consequently, the date for submission of proper bond in lieu or which the undertaking is being temporarily accepted is extended till 15th June, 2020. This relaxation will be reviewed by the Board at the end or the lockdown period.
The conditions underlined in CBIC Circular No.17/2020 dated 3rd April, 2020 stand as they are.
Members may kindly make a note of the above.