Warehousing bond cancellation requires full accounting of goods and payment of all dues before return of the bond. When the goods covered by a warehousing bond have been cleared for home consumption, exported, transferred, or otherwise duly accounted for, and all amounts due have been paid, the proper officer must cancel the bond as discharged in full. On demand, the cancelled bond must be delivered to the person who executed it or to the person entitled to receive it.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Warehousing bond cancellation requires full accounting of goods and payment of all dues before return of the bond.
When the goods covered by a warehousing bond have been cleared for home consumption, exported, transferred, or otherwise duly accounted for, and all amounts due have been paid, the proper officer must cancel the bond as discharged in full. On demand, the cancelled bond must be delivered to the person who executed it or to the person entitled to receive it.
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