Boost to ‘Ease of doing Business’: Maharashtra Launches E-Bond System for Import-Export, Replacing Paper Bonds
Boost to 'Ease of doing Business': Maharashtra Launches E-Bond System for Import-Export, Replacing Paper Bonds
State becomes 16th in India to adopt electronic bonds; move set to boost ease of doing business
In a major step towards digital governance and trade facilitation, the Maharashtra government on Friday launched an electronic bond (e-bond) system for import-export transactions, replacing traditional paper stamp bonds. With this, Maharashtra has become the 16th state in the country to adopt the system.
Revenue Minister Chandrashekhar Bawankule said the decision will simplify procedures, improve transparency, and accelerate trade operations, marking a turning point for the state’s economy. “Currently, 3,000 to 4,000 bonds are issued every month, amounting to over 40,000 annually. The introduction of e-bonds will bring a major transformation. Though it may appear small, this is a significant economic reform,” he said.
Under the new system, importers and exporters can complete all processes through a single electronic bond instead of multiple paper bonds for different transactions.
The ₹500 fee prescribed under the Maharashtra Stamp Act can now be paid online, eliminating the need for paper stamp papers. Aadhaar-based e-signatures from both traders and customs officials will make transactions more secure and transparent.
The e-bond initiative, developed with technical support from the National e-Governance Services Limited (NeSL) and National Informatics Centre (NIC), will also allow real-time online verification by customs officers. This is expected to curb fraud, prevent revenue leakage, and improve customs clearance speed.
Officials said the bonds can be used for temporary valuation, export promotion schemes, and operations in bonded warehouses. Additionally, amendments or increases to existing bonds can now be made electronically.
The government expects the move to enhance Maharashtra’s ranking in the ‘ease of doing business’ index while supporting Digital India and green governance goals by eliminating paperwork entirely.
