https://www.taxtmi.com/circulars?id=6816 Manufacturers storing molasses in katcha pits must execute a special bond-modeled on the prior B-2 form but omitting reference to the deleted Rule 48-providing a guarantee by cash or securities to secure payment of excise duty and charges. The bond requires observance of Central Excise Rules on duty payment, an express undertaking to pay full duty for molasses lost, deteriorated, damaged or destroyed (including by natural causes), waiver of remission claims, and authorises demand and recovery from deposited securities on written notice. en-us Fri, 01 Jan 1988 00:00:00 +0530 Wed, 08 Jul 2009 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6816 Manufacturers storing molasses in katcha pits must execute a special bond-modeled on the prior B-2 form but omitting reference to the deleted Rule 48-providing a guarantee by cash or securities to secure payment of excise duty and charges. The bond requires observance of Central Excise Rules on duty payment, an express undertaking to pay full duty for molasses lost, deteriorated, damaged or destroyed (including by natural causes), waiver of remission claims, and authorises demand and recovery from deposited securities on written notice. Circulars Central Excise Fri, 01 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6816