jagdish kumar (Sr. Executive) (46 Points)
25 September 2010Dear Expert
I am maintain a Genral Running Bond for Nepal Export raw Matterail without payment of Excise duty 50,0000/- file in 2005 Now what happening my export to nepal is increasing day by day .
Can I add the value in current running bond 50,00000/- (5 Lacs) to 10,000000/- (One Crore) under which rules or Notification?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 06 November 2010
Running bonds are self crediting , after submission of Annexure 19, u can take self credit of submitted documents and utilize the balance for your next export. However u have to ask the bond authority allow final credit at the earliest.
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