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Electronic bonds are being implemented in Maharashtra from today. Electronic bonds will provide significant relief to importers and exporters. At the initiative of Maharashtra Revenue Minister Chandrashekhar Bawankule, the state-of-the-art Customs e-Bond (Single Integrated Multipurpose Electronic Bond – SEB) system will be launched on Friday through the state government’s Registration and Stamps Department.
Processes will become easier.
This system has been developed with the technical support of National e-Governance Services Limited (NESL) and National Informatics Centre (NIC). This will make customs procedures completely digital and easy for importers and exporters.
Digital Records Will Be Used.
Under this initiative, e-stamping, e-signatures, online payments, real-time verification, digital records will be used, making all processes faster, secure, and transparent. Additionally, the facility to pay statutory stamp duty directly online has also been made available.
Ease of Doing Business Will Be Strengthened
This decision will prove to be a major relief for the industry sector, as it will save costs and time in transactions and significantly reduce the complexity of documentation. This initiative by Revenue Minister Chandrashekhar Bawankule will strengthen the state government’s objective of ease of doing business and will bolster Maharashtra’s Digital India initiative.
