Partial crediting of re-export bonds allows incremental release of bond and bank guarantee amounts upon officer approval. ICES provides a 'Partial Credit of RE Bond' option whereby a job with RE Bond number, Bill of Entry and Shipping Bill details and specified bond/BG amounts is created and submitted; the job is routed to the Dy/Asst Commissioner (AC Bonds) in the ACB role who may approve, reject, or return it, and upon approval the indicated bond and bank guarantee amounts are credited.
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.
Partial crediting of re-export bonds allows incremental release of bond and bank guarantee amounts upon officer approval.
ICES provides a "Partial Credit of RE Bond" option whereby a job with RE Bond number, Bill of Entry and Shipping Bill details and specified bond/BG amounts is created and submitted; the job is routed to the Dy/Asst Commissioner (AC Bonds) in the ACB role who may approve, reject, or return it, and upon approval the indicated bond and bank guarantee amounts are credited.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
