Exemption from Rule 174: bonded warehousing allowed for export goods subject to export/destruction and annual declaration. Exemption from rule 174 allows manufacturers to produce excisable goods under Customs bonded warehousing for export provided the warehousing procedure under the Customs Act is followed, all goods and any intermediaries, by-products, waste or refuse under the Customs bond are destroyed or exported to the satisfaction of the Assistant Collector of Customs, a prescribed declaration and annual undertaking are filed, and no drawback or rebate of excise duty on inputs is admissible; the exemption does not apply where full rebate on export is not available, export under bond is impermissible, or the goods are cleared for home consumption.
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.
Exemption from Rule 174: bonded warehousing allowed for export goods subject to export/destruction and annual declaration.
Exemption from rule 174 allows manufacturers to produce excisable goods under Customs bonded warehousing for export provided the warehousing procedure under the Customs Act is followed, all goods and any intermediaries, by-products, waste or refuse under the Customs bond are destroyed or exported to the satisfaction of the Assistant Collector of Customs, a prescribed declaration and annual undertaking are filed, and no drawback or rebate of excise duty on inputs is admissible; the exemption does not apply where full rebate on export is not available, export under bond is impermissible, or the goods are cleared for home consumption.
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