Maharashtra replaces stamp paper bonds with a digital E-Bond system to simplify and speed up trade processes.
In a significant move towards trade digitisation, the Maharashtra government has introduced the E-Bond system for import and export businesses, replacing the traditional stamp paper bonds. The announcement was made by Revenue Minister Chandrashekhar Bawankule at an event in Mumbai on Monday.
The new E-Bond system aims to simplify trade documentation, accelerate transaction processing, and enhance transparency across import-export operations. By eliminating the need for physical stamp paper, the initiative will also help reduce paperwork, prevent delays, and minimise the risk of document fraud.
With this launch, Maharashtra becomes the 16th state in India to adopt the digital bond mechanism, aligning with the Centre’s push toward paperless governance and trade facilitation.
Officials stated that the reform will make it easier for logistics operators, freight forwarders, and customs brokers to manage compliance, thereby strengthening Maharashtra’s position as a leading hub for efficient and technology-driven trade.
Source: News on Air
