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of <h1>CBEC Extends Bond Execution Facility to Qualified Trading Houses, Easing Export Procedures and Reducing Administrative Burden.</h1> The circular issued by the Central Board of Excise & Customs on February 18, 1997, announces the extension of a facility allowing certain exporters to execute bonds without security or surety. Initially specified in a previous circular dated December 13, 1996, this facility is now also applicable to 'Trading Houses,' provided they meet all the stipulated conditions. The circular aims to simplify the export procedure by reducing the administrative burden on eligible trading entities.
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