VALIDITY OF B-17 BOND

[SURYAKANT MITHBAVKAR]

One of our customer issued CT-3 to clear the materials. On date of despatch we noticed that his bond validity is over five days before. We contacted to party regd tha same and received copy of letter of acceptance of B-17 Bond under different Bond number that earlier when he issued CT-3. Can we clear the material on basis of earlier CT-3 on today since Customer done renewal of B-17 Bond with different Bond Number. pl. advice

AI Summary

EOU Can Dispatch Materials Using CT-3 Despite Expired B-17 Bond, If Re-Warehousing Certificate Is Received in 90 Days. A customer issued a CT-3 certificate to clear materials, but it was discovered that the B-17 bond had expired five days prior. The customer renewed the bond under a different number. The question was whether materials could be cleared using the earlier CT-3. Responses clarified that since the customer is an Export Oriented Unit (EOU), the B-17 bond renewal is a formality, and materials can be dispatched under the same CT-3, provided a re-warehousing certificate is received within 90 days. The renewal does not necessitate a new CT-3 as the bond remains valid despite the different file number.