CBIC vide Circular No. 09/2021 – Customs dated 08 May 2021 has extended the facility of acceptance of an undertaking in lieu of bond by Customs formations from 08 May 2021 till 30 June 2021. It has been clarified that the Importers / Exporters availing this facility shall ensure that the undertaking furnished in lieu of bond is duly replaced with a proper bond by 15 July 2021.
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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