Form No. Proforma of B-3 Bond - Proforma of Running bond Account to be maintained by Exporter in the warehouse in respect of B-3 (General Security) Bonds - [See Rule 20(2) read with C.B.E. & C. Circular No. 581/18/2001-CX]
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Running bond account maintenance requires provisional debits at CT-1A, conversion on ARE-3 and credits on proof of export. Maintenance of a Running Bond Account in the warehouse is required for exporters against B-3 General Security bonds to record bond details, opening balance, separate debit and credit entries, and running balance in rupee terms. Provisional debits are made at CT-1A issuance, converted to actual debits on receipt of ARE-3, and credits are posted on acceptance of proof of export or execution of a fresh bond.
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Provisions expressly mentioned in the judgment/order text.
Running bond account maintenance requires provisional debits at CT-1A, conversion on ARE-3 and credits on proof of export.
Maintenance of a Running Bond Account in the warehouse is required for exporters against B-3 General Security bonds to record bond details, opening balance, separate debit and credit entries, and running balance in rupee terms. Provisional debits are made at CT-1A issuance, converted to actual debits on receipt of ARE-3, and credits are posted on acceptance of proof of export or execution of a fresh bond.
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