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of <h1>Customs Clearance Bonds: Requirements for End Use or Provisional Duty Bonds with Bank Guarantee for Duty Exemptions.</h1> Execution of bonds for customs clearance involves the requirement to execute end use or provisional duty bonds, often accompanied by a bank guarantee or other surety, to avail partial or complete duty exemptions under various schemes and notifications. The bond and guarantee amounts are determined based on instructions from the Board, conditions of relevant notifications, or provisions of the Customs Act, 1962, and associated rules or regulations.
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