Export to Nepal under Bond

[shaji thomas]

The B1  Bond to be executed for export under Bond to Nepal (under (Notification 45/2001-CE(NT)  should be furnished with surety or security?

[YAGAY andSUN]

It is advisable to furnish it with security.

[NEERAJ KUMAR, RANCHI]

If you are a central excise registered manufacturer you need not submit any security of surity, however if you are not so you can either submit security or surity, however as Mr Khatri said security should be preferred.

AI Summary

Clarification on B1 Bond execution for exporting to Nepal: Security preferred for non-registered manufacturers under Notification 45/2001-CE(NT). A query was raised regarding the execution of a B1 Bond for exporting goods to Nepal under Notification 45/2001-CE(NT). The discussion involved whether the bond should be furnished with surety or security. One response advised providing security, while another clarified that central excise registered manufacturers are exempt from submitting security or surety. However, for non-registered manufacturers, either option is acceptable, with a preference for security as suggested.