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TMI BlogAPPROVAL FOR EXPORT WITHOUT PAYMENT OF EXCISE DUTY (Rule 19)X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, I just want to know whether we need to obtain approval and execute bond everytime we export any other product for six months OR if only one single approval bond is sufficient for exporting all other articles as per for Rule 19 read with 42/2001 ? I mean we are already having approval for one item we manufacture but now we wish to export other items also, so do we need to obtai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n approval for new item again ?? please provide valuable suggestions. - Reply By MUKUND THAKKAR - The Reply = Sir, please refer your From UT-1( letter of under taking) acceptance memo which has given by your division office, it is not bound for any specific item for export, you can export any item which you have manufacture. so need not take any bond or letter of undertaking item wise. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By CS RAHUL AGARWAL - The Reply = Thank you so much mukund ji. It was of great help. Thanks a ton :) - Reply By PAWAN KUMAR - The Reply = Dear Sir, An manufacturer exporter can export their goods either under rebate claim or without payment of duty under bond/LUT. The Bond is B-1 bond which is executed one time and it covers all your excisable goods. Likewise LUT (Letter of undertaking- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... UT-1) can be executed with the department which also covers all your excisable goods meant for export. - Reply By CS RAHUL AGARWAL - The Reply = Thank you pawan ji so much for your valuable advise. thanks a lot - Reply By Binu Karuthedath - The Reply = Dear Sir if you have assessee you can exicute LUT to your concerned Range office . if you have merchant exporter you can exicute ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... B1 bond with 25% of the bond amount as security deposit .if u have any RCMC the said 25% is exempted - APPROVAL FOR EXPORT WITHOUT PAYMENT OF EXCISE DUTY (Rule 19) - Query Started By: - CS RAHUL AGARWAL Dated:- 24-7-2015 Central Excise - Got 5 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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