Export Under Bond

[Lakshmi NV]

what are the procedures for export under bond .Any specific form is avilable under GST for executing Bond.To whom such bond is executed

[KASTURI SETHI]

Most likely, language of bond will remain the same excepting the words,'CE duty' will be replaced by GST. Implementation of GST does not alter the purpose of execution of bond which is already in force. There has been no change in the language of the bond for so many years

AI Summary

Export bond procedures: bond language remains unchanged under GST, with GST replacing the earlier CE duty reference. Procedures for export under bond remain substantively unchanged after GST: the bond's purpose and mechanics continue as before, with the primary drafting alteration replacing the earlier reference to 'CE duty' by 'GST', and no new bond form indicated.