Bond cancellation procedure for advance authorisations: mandates prompt retrieval, prioritized checks, and set timelines for return of securities. Directs proactive retrieval of bond files before expiry of export obligation, prescribes that random verification checks be restricted to 5% of authorisations and selected at Joint/Additional Commissioner level using EDI risk parameters, and requires immediate email notification to exporters of selection. Workflows must ensure file readiness (one day turnaround if requested before expiry), that Central Excise non response does not delay processing, and that non selected cases normally receive return of bond/guarantee within ten days while other non investigative cases follow a thirty day norm.
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.
Bond cancellation procedure for advance authorisations: mandates prompt retrieval, prioritized checks, and set timelines for return of securities.
Directs proactive retrieval of bond files before expiry of export obligation, prescribes that random verification checks be restricted to 5% of authorisations and selected at Joint/Additional Commissioner level using EDI risk parameters, and requires immediate email notification to exporters of selection. Workflows must ensure file readiness (one day turnaround if requested before expiry), that Central Excise non response does not delay processing, and that non selected cases normally receive return of bond/guarantee within ten days while other non investigative cases follow a thirty day norm.
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