Export under bond to Bhutan: payment proof, bond filing and customs verification enable duty free removals and bond discharge. Exports under bond to Bhutan require full payment in freely convertible currency (or deemed payment in Indian rupees for Bhutan), a prescribed bond filed with the territorial Central Excise officer, and where exports are against an irrevocable letter of credit, a bank certificate confirming receipt of payment; procedural steps at despatch and at land customs, submission of endorsed invoice copies and the bank certificate within six months, and reconciliation in the bond account govern provisional and final discharge, with duty plus prescribed interest payable on failure or shortages.
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 under bond to Bhutan: payment proof, bond filing and customs verification enable duty free removals and bond discharge.
Exports under bond to Bhutan require full payment in freely convertible currency (or deemed payment in Indian rupees for Bhutan), a prescribed bond filed with the territorial Central Excise officer, and where exports are against an irrevocable letter of credit, a bank certificate confirming receipt of payment; procedural steps at despatch and at land customs, submission of endorsed invoice copies and the bank certificate within six months, and reconciliation in the bond account govern provisional and final discharge, with duty plus prescribed interest payable on failure or shortages.
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