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of <h1>Export Excisable Goods to Bhutan Without Duty Under Bond: Conditions, Procedures, and Exceptions Explained.</h1> The notification outlines the conditions, safeguards, and procedures for exporting excisable goods to Bhutan without paying excise duty under bond. It mandates that payments must be in freely convertible currency, evidenced by a Foreign Inward Remittance Certificate or an irrevocable letter of credit. Exceptions are made for certain goods supplied to UN-financed projects or diplomatic missions. Exporters must furnish a bond and follow specific procedures at dispatch and land customs stations. The notification also covers exports to Nepal and specific hydroelectric projects in Bhutan, with detailed procedures for bond discharge and duty liability. The notification became effective on July 1, 2001.
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