Bond against IGCR

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.

Yes, you can if you have fulfilled all the Conditions required to be fulfulled to avail benefits of concessional rate of Cutsoms duty.

Yes, you can if you have fulfilled all the Conditions required to be fulfulled to avail benefits of concessional rate of Cutsoms duty.

👍🏻👍🏻
Reply if you have some answer, don't just play games by putting thumbs on each post.

If you have met all the conditions required to be eligible to take the king of clay advantage of the Cutsoms reduced duty rate!

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