TaxTMI 
TaxTMI 
GOOD MORNING TO ALL EXPERT,
I AM HARE TO KNOW AGAIN GET YOUR VALUABLE REPLIES.
SIR I WANT TO KNOW THAT WHAT IS THE VALIDITY OF CONTINUITY BOND UNDER EXCISE.
CONTINUITY BOND VALIDITY UNDER EXCISE
19 Jul 2016 
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Continuity bond validity: bonds are effective only for their stipulated term; a fresh bond is required on expiry.
A bond executed under Central Excise law is effective only for the period for which it is executed and must be renewed by executing a fresh bond on expiry; continuity bonds are not standard in Central Excise and, where needed in connection with Customs-linked concessions, Customs-prescribed forms have been used since Central Excise Rules do not specify bond forms. (AI Summary)
A bond executed under Central Excise law is effective only for the period for which it is executed and must be renewed by executing a fresh bond on expiry; continuity bonds are not standard in Central Excise and, where needed in connection with Customs-linked concessions, Customs-prescribed forms have been used since Central Excise Rules do not specify bond forms. (AI Summary)