Furnishing of security/surety with B-8 Bond

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..... Circular No. 304/20/97-CX dated 18.3.97, whereas instructions were issued, inter-alia, that in case where bonds have to be furnished under rule 13 and 14, the bonds may be taken without security/surety in certain categories of exporters and subject to such conditions as are specified in Para (3) of the said Circular. A doubt has arisen whether B-8 bond to be furnished under rule 13(1)(b) read with .....

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..... ra (3) of the Circular No. 284/118/96-CX dated 31.12.96 (as modified) and also satisfy the conditions specified therein, may be allowed to furnish bonds (including B-8 bond) without security or surety for the purposes of Notification No. 47/94-CE(NT) dated 22.9.94 (as amended). Sd/- (P K Sinha) Under Secretary (CX.6) - Circular - Trade Notice - Public Notice - Instructions - Office orders .....

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