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Maharashtra Launches Statewide E‑Bond System for Import‑Export Transactions

Officials say the shift to electronic stamping will shorten customs timelines, curbing revenue leakages.

Overview

  • Unveiled at Mantralaya in Mumbai by Revenue Minister Chandrashekhar Bawankule, the system is now available across all Customs offices in the state.
  • The platform includes e‑stamping, e‑signature, online payments, real‑time verification, and digital record‑keeping, according to officials.
  • Bawankule said Maharashtra processes roughly 3,000–4,000 bonds a month, with news reports differing on annual totals, citing figures of over 40,000 or over 50,000.
  • Ravindra Binwade reported two bonds were issued on launch day and noted traders previously registered in Gujarat and Karnataka due to the absence of the system in Maharashtra.
  • By replacing ₹500 paper stamp bonds, the state projects faster processing, environmental savings, and tighter oversight, with Binwade citing about 50,000 bonds annually at JNPT generating roughly ₹2.5 crore.