Form No. B-1 Bond - General Bond with surety/security for removal for export of excisable goods without payment of duty for export - See Rule 18/19 read with Notification Nos. 42/2001-C.E. (N.T.) and 45/2001-C.E. (N.T.)]
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Export bond obligations: security or surety bond ensures compliance with excise export rules and payment of duties on demand. General bond permits removal of excisable goods for export without payment of duty subject to observance of Central Excise (No. 2) Rules; may be a surety ... Summary
Export bond obligations: security or surety bond ensures compliance with excise export rules and payment of duties on demand.
General bond permits removal of excisable goods for export without payment of duty subject to observance of Central Excise (No. 2) Rules; may be a surety or security bond (cash, securities, bank guarantee) accepted by the Assistant/Deputy Commissioner. Obligors must export goods within prescribed time and pay any demandable excise duty or lawful charges with interest into the treasury within ten days of written demand. Breach leaves the bond enforceable; surety liability is unaffected by forbearance and the Government may recover loss from deposited securities or bond rights.
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