Gernral Bond for Nepal Export

641 views 1 replies

jagdish kumar

Sr. Executive

46 Points Joined May 2010

Dear 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?

Replies (1)

U S Sharma

glidor@gmail.com

21068 Points Joined January 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.