CBIC introduces Ekal Anubandh – Single Unified Multi-Purpose Electronic Bond in Customs
In order to enhance efficiency and reduce the administrative load on businesses, CBIC has decided to introduce a project named “Ekal Anubandh”, wherein trade will be encouraged to use single All-India Multi-purpose Electronic Bond with end-to-end automation. As a first step, single All-India Multipurpose Bond for importers or exporters in lieu of the transaction-wise Bonds being submitted across different ports, thus offering significant potential to save both time and costs in trade procedures.
Under Ekal Anubandh, in lieu of submission of separate bonds, importer or exporter will have an option to submit a Single All-India Multipurpose electronic Bond (SEB) with following features:
(a) Importer/Exporter can choose the obligations, he intends to undertake in the common bond format and submit at any port of importer’s choice electronically at ICEGATE.
(b) Option to include additional obligations or additional amount at the later stage is available at ICEGATE
(c) Electronic Payment of stamp duty and electronic execution of Bond through integration with National E-Governance Services Limited (NeSL) by affixing electronic signature without any requirement for notary.
(d) Online linking End-to-End issued Electronic Bank Guarantee
(e) Verification of Bank Guarantee (BG) issued by issuing Bank. Digital execution of customs bonds is being enabled.
Along with the execution of Bond, procedure for submission of Bank Guarantees is also being streamlined. The importer/exporter may also be able to select the quantum of bank guarantee applicable for different purposes like provisional assessment, EP schemes etc. Further, a separate option is also available in case there is a need for having different quantum of bank guarantee other than those specifically listed.
With electronic bonds and bank guarantees, importers/exporters/customs brokers can manage and track documents in real time, ensuring greater security and transparency throughout transactions.
The “Ekal Anubandh” project ensures that digital solutions are environmentally friendly, cost-effective, and more convenient, as they eliminate the need for physical signatures and paperwork, allowing for faster approvals and fewer delays. Therefore, the importers and exporters are encouraged that, wherever required, importers/exporters/customs brokers may execute a single unified multi-purpose electronic bond and electronic bank guarantee.
Download CBIC Circular No. 04/2025-Customs Click here >>
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