2015 (2) TMI 1217

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....er (AR), for the Respondent. ORDER The challenge in the present appeal is to penalty of Rs. 10,000/- imposed by the lower authorities in terms of the provisions of Rule 25 of Central Excise Rules. 2. The appellant is manufacturer of electronic goods which are exported by them without payment of duty under bond/letter of undertaking. The appellant executed a letter of undertaking on 25-11-2....

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....ld be only for a period of 12 calendar months. The Revenue has referred to some Board's instructions for restricting the validity of the bond for 12 calendar months. In terms of the various Board's instructions, the Assistant Commissioner is not required to discharge the bond without satisfying himself of the due export of the goods. Even if the bond was to expire after 12 months, it was equally t....