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TMI BlogThis notification specifies the conditions, safeguards and procedures for Export under bond to BhutanX X X X Extracts X X X X X X X X Extracts X X X X ..... authorized to deal with foreign exchange by Reserve Bank of India or shall open an irrevocable letter of credit in favour of the exporter in India, before the export takes place. ii. condition (i) shall not apply if the excisable goods other than consumer goods, but excluding motor vehicles, are exported without payment of duty as:- a. supplies to projects financed by any United Nations agency, the International Bank for Reconstruction and Development, International Development Association, the Asian Development Bank or any other multilateral agency of like nature; b. to all diplomatic missions in Nepal or Bhutan provided the Indian Embassy or the Ministry of External Affairs certifies that the import is for the personnel of the diplomatic community; iii. the exporter shall furnish a bond in Form specified in Annexure-I before the Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise having jurisdiction over the factory, warehouse, or the approved premises or such other officer as authorised by the Board on this behalf, from where 5[the goods are removed for export to Bhutan]; iv. when the export is against an irrevocable letter of credit, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mmissioner of Central Excise having jurisdiction over the installation from which the 3[petroleum oil, liquified petroleum gas and lubricant product] are to be exported. (4) Export in bond for supplies to Government of India Aided Projects in Nepal and the Embassy Cooperative Store and Embassy Petrol Pump located in Nepal for the bonafide use of officers and staff of the Embassy in Nepal. - Export in bond for supplies to Government of India Aided Projects in Nepal and the Embassy Cooperative Store and Embassy Petrol Pump located in Nepal for the bonafide use of officers and staff of the Embassy in Nepal shall be subject to the following conditions, namely: - (i) the exporter shall furnish a bond in Form as specified in Annexure-I before the Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise or such other officer as authorised by the Board on this behalf; and (ii) the First Secretary (Economic), Embassy of India, Nepal, certifies the signature and stamp or seal of the person authorised to place the order for supply of excisable goods to the specified Government of India Aided Projects in Nepal; (5) 9[Export of all excisable goods without pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... articulars of the duty payable but for export, and if found in order, he shall seal the consignment, tank or container with Central Excise seal or in such other the manner as may be specified by the Commissioner of Central Excise and endorse each copy of the export invoice in token of having such verification and examination done by him; (iv) the goods shall be delivered to the exporter or his agent, together with the original copy of the invoice, duly completed and registered. The said officer will also give duplicate, triplicate and quadruplicate copies of invoice in a sealed cover, to the exporter or his agent for delivery to the Customs officer in-charge of the Land Customs Station through which the goods are intended to be exported and will obtain acknowledgement to this effect . (iii) the exporter or his agent shall then be free to remove the goods for export to Nepal through the Land Customs Station indicated on the respective invoices; 7[****] (v) the quintuplicate copy shall be forwarded to the Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise who has accepted the bond; and (vi) the said Superintendent or Inspector of Central E ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... actory or warehouse from which the goods were removed for export without payment of duty. For this purpose, the said officer in charge of the land customs station should keep a note of the return of duplicate copies from the Customs Officerof Nepal or Bhutanand remind the exporter for such copies as have not been received, failing which the exporter may be liable to pay full duty on such consignments; vii) the officer of customs officers, at the land customs station shall also maintain a separate record of all such in-bond exports of the goods without payment of duty and shall assign running serial number on the invoice at the time of export as indicated earlier; (3). Procedure for discharge of bond or the duty liability. - (i) the exporter shall submit the quadruplicate copy duly endorsed by the officer of customs in-charge of land customs station to the Central Excise officer who has accepted the bond alongwith bank, certificate evidencing receipt of payment in freely convertible currency, 12[in case of Bhutan, it is in Indian Rupees], within six months from the date of removal of the goods. The Central Excise officer will tally the particulars with quintuplicate copy of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ect, Tala Hydro Electric Project, Punatsangechhu-I Hydro Electric Project, Punatsangchhu-II Hydro-Electric Project and Mangdechhu Hydro-Electric Project" has been substituted vide notification no. 2/2011 CE(NT) dated 18-2-2011. Further, substituted vide notification no. 2/2011 CE(NT) dated 18-2-2011 2. For the words "along with twenty four percent interest thereon", the words "along with interest prescribed under section 11AB of the Central Excise Act, 1944 thereon" has been substituted vide Notification No. 21/2007 CE(NT) dated 19/4/2007 3. For the words 'petroleum oil and lubricant products' wherever occurring, the words 'petroleum oil, liquified petroleum gas and lubricant products' has been substituted vide Notification No. 3/2003 CE(NT) dated 30/1/2003. 4. Substituted vide notification no. 29/2011 CE(NT) dated 5-12-2011, w.e.f. 1.3.2012, before it was read as, "Nepal or Bhutan" 5. Substituted vide notification no. 29/2011 CE(NT) dated 5-12-2011, w.e.f. 1.3.2012, before it was read as, "the goods are removed for export to Nepal, as the case may be, or Bhutan" 6. Omitted vide notification no. 29/2011 CE(NT) dated 5-12-2011, w.e.f. 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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