APPROVAL FOR EXPORT WITHOUT PAYMENT OF EXCISE DUTY (Rule 19)

[CS RAHUL AGARWAL]

Dear Experts,

I just want to know whether we need to obtain approval and execute bond everytime we export any other product for six months OR if only one single approval & bond is sufficient for exporting all other articles as per for Rule 19 read with 42/2001 ? I mean we are already having approval for one item we manufacture but now we wish to export other items also, so do we need to obtain approval for new item again ??

please provide valuable suggestions.

AI Summary

Export without payment of excise duty: one LUT or B-1 bond covers all excisable goods for export, subject to security.
A single Letter of Undertaking (UT-1) or a single B-1 bond suffices to export without payment of excise duty and is not required item-wise; the instrument covers all excisable goods manufactured by the exporter. Merchant exporters executing a B-1 bond normally must furnish a security deposit, with that security requirement waived if the exporter holds an RCMC. Exports may alternatively be made under rebate claims instead of under bond/LUT.