Source: Outlook
The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday extended the facility given to businesses to import and export goods without furnishing bonds to the Customs authorities till May 15 in view of the extension of the lockdown period till May 3.
Earlier this month, the CBIC had extended similar relaxation till April 30. However, with subsequent extension of lockdown, it was felt that the relaxation needed to be longer to facilitate trade.
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