Export warehousing compliance: registration, bond security, running bond accounting and documentary proof required for duty free export. The circular implements a regime for private export warehouses for specified excisable goods: registration by Form R-1 and issuance of a non-transferable certificate; execution of a B-1 general security bond with additional security; maintenance of departmental and exporter Running Bond Accounts and prescribed registers; movement under CT-1 (modified) with provisional debits converted on AR-3A; export clearance on AR-4 with acceptance of proof of export for credit; permitted diversion to home consumption on payment of duty and interest; and documentation, verification and recordkeeping requirements set out in Annexures I-VII.
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Export warehousing compliance: registration, bond security, running bond accounting and documentary proof required for duty free export.
The circular implements a regime for private export warehouses for specified excisable goods: registration by Form R-1 and issuance of a non-transferable certificate; execution of a B-1 general security bond with additional security; maintenance of departmental and exporter Running Bond Accounts and prescribed registers; movement under CT-1 (modified) with provisional debits converted on AR-3A; export clearance on AR-4 with acceptance of proof of export for credit; permitted diversion to home consumption on payment of duty and interest; and documentation, verification and recordkeeping requirements set out in Annexures I-VII.
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