**Maharashtra Introduces Historic ‘E-Bond’ System to Modernise Trade**
The Maharashtra government has taken a significant step towards modernising trade by replacing traditional paper bonds with a fully digital ‘E-Bond’ system for import-export transactions. With this reform, Maharashtra becomes the sixteenth state in India to introduce this facility, aimed at easing business operations and enhancing transparency in financial dealings.
### Boost for Trade and Industry
Revenue Minister Chandrashekhar Bawankule highlighted the initiative as a major relief for the state’s business and industrial sectors. Currently, Maharashtra issues nearly 3,000 to 4,000 bonds monthly, amounting to over 40,000 bonds annually for import-export activities.
“Introducing e-bonds will transform these large-scale financial transactions. While this may appear as a small procedural change, it represents an important turning point for Maharashtra’s economy,” said Bawankule.
### Simplifying Transactions and Strengthening Transparency
The new system was launched at Mantralaya, where Inspector General of Registration and Stamps, Ravindra Binwade, explained the e-bond mechanism. Officials noted that this move will simplify bond issuance at customs offices, increase efficiency in international trade, and eliminate the need for paper stamp bonds previously issued in denominations such as Rs 500.
The shift to digital bonds is expected to:
– Reduce paper usage and contribute to environmental protection
– Strengthen transparency and reduce revenue leakage
– Ensure more funds flow into the state treasury
### Maharashtra’s Push for Ease of Doing Business
The government expressed confidence that adopting a digital-first approach in revenue administration will improve Maharashtra’s Ease of Doing Business rankings.
“This initiative will accelerate trade processes and push Maharashtra’s economy forward. It is not just about convenience but also about transparency and modernisation,” added Bawankule.
With the introduction of the e-bond system, Maharashtra is poised to lead in digital trade facilitation, setting a benchmark for other states to follow.
https://www.freepressjournal.in/mumbai/maharashtra-introduces-digital-e-bond-system-to-modernise-import-export-trade