CBIC Eases Norms on Furnishing Bonds for Import, Export of Goods till June 30

The CBIC vide its Circular No. 09/2021 dated 8th May 2021, has decided to restore the facility of acceptance of an undertaking in lieu of bond by Customs formations from the date of issue of this Circular till 30th June 2021.

Importers/Exporters availing this facility shall ensure that the undertaking furnished in lieu of bond is duly replaced with a proper bond by 15th July 2021.

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