SSI UNIT NEED TO GENERATE BOND FOR EXPORT AT NEPAL

[Mehul Pandya]

Sir,

My query is our is a SSI unit having our turnover under the exemption limit i.e. 1.5 CR. Now we required to export our material to Nepal without payment of duty. So can we export the same without giving any bond. Because its Assessable Value will be included in 1.5Cr. Exemption. as per SSI Notification.

AI Summary

Bond requirement for duty-free export to Nepal may apply and can affect SSI exemption turnover calculation.
The issue is whether duty-free exports to Nepal require execution of a bond and whether the assessable value of such exports counts toward the SSI exemption ceiling. One view cited a notification-based export procedure requiring a bond for duty-free export and treating exported goods as includible in the value used to determine the SSI exemption; another view stated such exports are not clubbed for exemption calculation. References to central excise notifications, a circular, and procedural manual guidance are noted.