On 25.08.2021 we have singed Bond and Issued in favour of customs dept. for import of goods at concessional rate, and now we utilised the same
Is we are eligible to take back our Bank Gaurantee ?
kindly guide
Replies (5)
Quick Summary
This discussion addresses whether a bank guarantee can be reclaimed after a bond was signed with the customs department for importing goods at a concessional rate. The consensus is that the bank guarantee is eligible for return, provided all conditions for availing the concessional duty rate have been met. It's important to ensure all requirements are fulfilled before seeking to reclaim the guarantee.