Amendment to Central Excise (Removal of Goods at Concessional Rates of Duty for Manufacture of Excisable Goods) Rules, 2001 to allow submission of Letter of Undertaking in lieu of bond with surety and security by a manufacturer with clean track record - 10/2015 - Central Excise - Non Tariff
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Letter of Undertaking permitted in lieu of bond for eligible manufacturers and registered importers under excise rules. Amendment permits a Letter of Undertaking to be submitted instead of a bond with surety and security by a manufacturer with a clean compliance record, thereby easing security requirements. It also explicitly includes registered importers alongside manufacturers and dealers by substituting references throughout the earlier notification, pursuant to the Central Excise and CENVAT Credit Rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Letter of Undertaking permitted in lieu of bond for eligible manufacturers and registered importers under excise rules.
Amendment permits a Letter of Undertaking to be submitted instead of a bond with surety and security by a manufacturer with a clean compliance record, thereby easing security requirements. It also explicitly includes registered importers alongside manufacturers and dealers by substituting references throughout the earlier notification, pursuant to the Central Excise and CENVAT Credit Rules.
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