non realisation of export proceedings
Querist : Anonymous
Now question is if the excise duty is require to be paid by "X" or not. Is there is any authority in this matter.
Bond is released on submission pf proof of export.
Release of bond and receipt of payment are two entirely different things and are not related to each other in any way. Non receipt of payment is under RBI purview.
https://www.rbi.org.in/SCRIPTs/NotificationUser.aspx?Id=5113&Mode=0
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