https://www.taxtmi.com/forum/issue?id=2913 B17 bond secures customs duty on duty free capital goods, raw materials and on exports until proof is produced; a lapsed bond can be renewed or replaced and authorities approached for condonation. If no duty free procurements or exports creating duty liability were undertaken, non renewal is unlikely to trigger substantive recovery, but the unit should submit a fresh B17 bond and explain the delay to obtain regularisation. en-us Mon, 21 Mar 2011 21:39:12 +0530 Thu, 23 Jan 2025 15:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2913 B17 bond secures customs duty on duty free capital goods, raw materials and on exports until proof is produced; a lapsed bond can be renewed or replaced and authorities approached for condonation. If no duty free procurements or exports creating duty liability were undertaken, non renewal is unlikely to trigger substantive recovery, but the unit should submit a fresh B17 bond and explain the delay to obtain regularisation. Discussion-Forum Customs Mon, 21 Mar 2011 21:39:12 +0530 https://www.taxtmi.com/forum/issue?id=2913