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TMI BlogMeasure to facilitate trade during the lockdown period – section 143 AA of the Customs Act, 1962X X X X Extracts X X X X X X X X Extracts X X X X ..... OTICE NO. 41/2020 Sub: Measure to facilitate trade during the lockdown period - section 143 AA 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 subject matter of 'Measure to facilitate trade during the lockdown period - section 143 AA of the Customs Act, 1962 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... toms clearance of goods and for maintaining balance between Customs control and facilitation of legitimate trade. 4. In this regard, Board has approved relaxation of the requirement to submit bonds prescribed under section 18, section 59 and section 143, and under notifications issued in terms of section 25 of the Customs Act, 1962, subject to compliance of conditions as listed below in this Circ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions and their undertakings) b. Manufacturer/Actual User importer c. Authorised Economic Operators d. Status holder e. All importers availing warehouse facility in terms of section 59 of the Customs Act, 1962 4.3 Each such relaxation, where requested, should comply with the following conditions: i. The content of the undertaking should, to the extent possible, be same as the content of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ther warehouse under section 67 of the Customs Act, 1962, shall be allowed only to manufacturer/actual user importer or AEO or Status holders. For requests related to change of ownership after warehousing, the facility shall be considered only in cases where the prospective buyer is either manufacturer/actual user importer or AEO or Status holder. 5. Such relaxation from submitting a bond may als ..... X X X X Extracts X X X X X X X X Extracts X X X X
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