Form No. B-3 Bond - Bond for the due despatch of excisable goods removed for warehousing and export therefrom to a foreign country without payment of duty - [See Rule 20(2) read with C.B.E. & C. Circular No. 581/18/2001-CX]
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Export warehousing bond requires compliance with removal, export timing, and duty payment on written demand to secure obligations. The bond requires obligor(s), jointly and severally, to furnish cash or securities as security endorsed in favour of the President and accepted by the appropriate Central Excise officer, to observe all export warehousing rules and to remove goods to approved warehouses and export them within periods directed by the Principal Commissioner or Commissioner. All excise duty and lawful charges fixed by the Principal Commissioner or Commissioner must be paid by TR-6 challans into the nominated bank account within ten days of written demand; breach permits application of the security and recovery under the bond.
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Provisions expressly mentioned in the judgment/order text.
Export warehousing bond requires compliance with removal, export timing, and duty payment on written demand to secure obligations.
The bond requires obligor(s), jointly and severally, to furnish cash or securities as security endorsed in favour of the President and accepted by the appropriate Central Excise officer, to observe all export warehousing rules and to remove goods to approved warehouses and export them within periods directed by the Principal Commissioner or Commissioner. All excise duty and lawful charges fixed by the Principal Commissioner or Commissioner must be paid by TR-6 challans into the nominated bank account within ten days of written demand; breach permits application of the security and recovery under the bond.
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