Export in bond of petroleum oil and lubricant permitted to Nepal subject to sealing, invoicing and customs certification. Export of petroleum oil and lubricant products to Nepal is permitted in bond without payment of Central Excise duty subject to execution of a Collector determined bond and strict procedural requirements: six part invoicing with a non diversion declaration, Central Excise scrutiny and sealing of consignments, transmission and cross verification of invoice copies between Central Excise, Indian land customs and Nepalese customs officers, dedicated record keeping, and submission of endorsed quadruplicate invoices within the prescribed period to discharge bond liability; failure or shortages attract full duty demand.
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.
Export in bond of petroleum oil and lubricant permitted to Nepal subject to sealing, invoicing and customs certification.
Export of petroleum oil and lubricant products to Nepal is permitted in bond without payment of Central Excise duty subject to execution of a Collector determined bond and strict procedural requirements: six part invoicing with a non diversion declaration, Central Excise scrutiny and sealing of consignments, transmission and cross verification of invoice copies between Central Excise, Indian land customs and Nepalese customs officers, dedicated record keeping, and submission of endorsed quadruplicate invoices within the prescribed period to discharge bond liability; failure or shortages attract full duty demand.
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